Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

Walmart Senior VP Asks "Where are All the Customers? And Where’s Their Money?"; "

IMG Auteur
Published : February 19th, 2013
244 words - Reading time : less than a minute
( 2 votes, 4/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Crisis Watch

Here's an interesting story from Friday regarding sales at Walmart that just came my way: Wal-Mart Executives Sweat Slow February Start in E-Mails.

Wal-Mart Stores Inc. had the worst sales start to a month in seven years as payroll-tax increases hit shoppers already battling a slow economy, according to internal e-mails obtained by Bloomberg News.

"In case you haven’t seen a sales report these days, February MTD sales are a total disaster,” Jerry Murray, Wal-Mart’s vice president of finance and logistics, said in a Feb. 12 e-mail to other executives, referring to month-to-date sales. “The worst start to a month I have seen in my ~7 years with the company"

Murray’s comments about February sales follow disappointing results from January, a month that Cameron Geiger, senior vice president of Wal-Mart U.S. Replenishment, said he was relieved to see end, according to a separate internal e-mail obtained by Bloomberg News.

“Have you ever had one of those weeks where your best-prepared plans weren’t good enough to accomplish everything you set out to do?” Geiger asked in a Feb. 1 e-mail to executives. “Well, we just had one of those weeks here at Walmart U.S. Where are all the customers? And where’s their money?”

Murray declined to comment and Geiger didn’t return telephone and e-mail messages seeking comment.

Both executives attributed the performance to increased payroll taxes and delayed tax returns, which Geiger called “a potent one-two punch,” according to the e-mails.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
<< Previous article
Rate : Average note :4 (2 votes)
>> Next article
IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Is Silver a Better Bet than Gold...
03 May Roygbiv
"Silver on fire." ??? Even if it goes to 50$ nobody in my environment (and beyond) would recogize it.
Is Silver a Better Bet than Gold...
03 May Roygbiv
One can not invest in gold and or silver !!! You have it and that's it. You converted your paper to something tangible. One can invest ...
License to Steal: Italy’s Highes...
03 May Roygbiv
"Given that theft is no longer a crime, I expect an enormous outbreak of theft from Italian grocery stores. Over the course of a week I ha...
License to Steal: Italy’s Highes...
03 May Roygbiv
Feeling better now after the burp. Continuously thinking about ... gold. Trying to find a definition/description that would end all blablablah<...
License to Steal: Italy’s Highes...
03 May Roygbiv
Feeling better now after the burp. Continuously thinking about ... gold. Trying to find a definition/description that would end all blablablah<...
License to Steal: Italy’s Highes...
03 May Roygbiv
What percentage of Americans are crooks ? Making a living and contributing to GDP ? "What you have in your pocket I want to see in mine !" ??? ...
License to Steal: Italy’s Highes...
03 May Roygbiv
"heling"=dutch and is translated by Google as=fencing. ??? Selling stolen goods I want to find. The Dutch/English dictionary translated it ...
Send Out the Clowns
03 Maysam_site
As you imply, Obamacare's days are numbered. In fact these are the last days of government-protected monopolies like the monopoly that state ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS