Posted on 08/14/2007 7:58:27 AM PDT by george76
Wal-Mart Stores Inc... the world's largest retailer, reported a lower-than-expected quarterly profit and cut its full-year earnings forecast on Tuesday, saying its customers remain under economic pressure.
Chief Executive Lee Scott blamed the disappointing performance on economic pressure around the world.
"It is no secret that many customers are running out of money toward the end of the month," Scott said on a recorded conference call, adding that higher fuel prices, interest rates, utility costs and "more financial pressure" are hurting sales in its international market, including Mexico and Canada.
With more than 127 million customers visiting a Wal-Mart store or a Sam's Club location in America every week, Wal-Mart is considered a barometer of the health of the U.S. retail sector.
But Wal-Mart has been struggling with slowing U.S. sales growth and announced plans earlier this year to cut the number of U.S. supercenters it will open to try to boost sales.
It has also returned to emphasizing its low prices after efforts last year to play down its discount roots backfired with its core low income shoppers.
(Excerpt) Read more at uk.biz.yahoo.com ...
( ht drudge )
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What supposedly made conservatives do this for just the last quarter?
explain?
was it the removal of guns from a chunk of their stores???
that pissed me off.
“Walmart made many conservative walk away.”
I don’t remember seeing any signs at my store, then again there are so many people who would notice.
You and your big-business-hating liberal union buddies can hate Wal_Mart all you want. They aren’t hurting and they aren’t going anywhere.
It's hard to believe Walmart would so foolishly abandon middle America like this.
Maybe they couldn't convince Mossberg to move their factory to China.
Yep! For me, it was the removal of guns. Now, they are taking out ammo. These are the main reasons I went to Wal-Mart—but when I was there, I bought other things besides ammo.
Wal-Mart, the family-friendly, patriotic company founded by the late Sam Walton has morphed into a reliable ally of the left to boost revenues by pacifying its growing chorus of critics. It now funds radical groups and intimidates its suppliers into adopting its liberal, Big Government agenda...
Wal-Mart once had Hillary Clinton on its corporate board; calls for socialized medicine for all Americans; funds La Raza, and has been accused by the federal government of hiring illegal immigrants; prods suppliers to hire more women and visible minorities, and bullies them into adopting sustainable practices.
http://www.freerepublic.com/focus/f-news/1878090/posts
Chinese made goods. Don’t ever buy food at Walmart and don’t ever buy toys there. In fact, don’t buy anything there until they aren’t selling Chinese made goods. Too dangerous. I’m scared of what those scum have exposed my two year old to.
former Sierra Club president Adam Werbach once called Wal-Mart a virus, infecting and destroying American culture, it hired him in 2006 as an environmental consultant......
More ominous is Wal-Marts Supplier Diversity Program which will judge suppliers on the diversity of their workplaces. It could impose de facto job quotas on the private sector without government intervention.
http://www.capitalresearch.org/pubs/pubs.html?id=573
The hired help doesnt know and never knew the secret that made the company grow, so they are killing it with whatever management fad is in this month.
by jim_trent
Being retired and bored, I took a beer-money job at Wal-Mart and had my illusion of them being a well-run corporation shattered. Many of their store operatoions are just as screwed up and clueless as other corporations. Sam is probably spinning like a gyroscope now.
Yes, Wal-Mart is the only store chain in the nation that sells Chinese-made goods. God knows US MANUFACTURERS don’t have any goods made in China to sell in ALL American department store chains.
Too Dangerous? LOL. Riiiight! You have some stats backing that up? I have a very nice guitar that was made in China. What’s it gonna do? Blow up in my lap?
Wal-Mart sells the same crap, made in the same locations as everyone else. Get over the big-business hating, comrade.
As a regular Walmart shopper I was annoyed when they rearranged the stores to resemble Target (I can’t stand Target). I dislike roaming around the store trying to find what I want to buy.
I agree. the same thing happened to Service Merchandise back in the early 90’s when the canned gun sales, the store went quickly down hill then closed.
Sears went on a serious down hill slip after pulling guns from their shelves and I believe only the craftsman tool name kept them alive.
Yes :
Sam is probably spinning like a gyroscope now.
>>
Walmart made many conservative walk away.
<<
Just like Fox News, over time growing organizations drift to the left.
I have a two year old that may have been exposed to lead paint. Get off your “anything business does is fine because I’m Republican” high horse and look at what is really going on around you.
Wal-Mart shares have been pretty flat for a couple of years.
If they do drop ammo in the local store, I’m done with them.
I think sales have dropped because people are looking more closely at where products are made. My last trip to Wal-Mart resulted in zero products purchased that were made in China as a result I didn’t spend as much.
And I’m another who will absolutely NOT buy fresh food or vegetables in Wal-Mart anymore. If I can’t tell where it’s from it stays on the shelf.
Ditto :
I cant stand Target...
My Walmart is so crowded nobody goes there anymore.
We try to watch Fox News sometimes , but too often these days it is not watchable.
FNC has been pushing itself into a more “chickified” channel.
Now it even has a single woman columnist for stuff like how to live alone, get a morgtage alone. All the supermarket tabloid magazine type stuff.
FNC is being oprafied to irrelevance.
FR is still 1000% more informative.
Now I would like to know about the origin of ingredients in different products! It's getting ridiculous, isn't it!
Wal-Mart Stores Inc... the world’s largest retailer, reported a lower-than-expected quarterly profit and cut its full-year earnings forecast on Tuesday, saying its customers remain under economic pressure.
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Wrongo....we are shopping other places because of dirty stores and crappy service. IMHO.
Walmart went in the grocery business where I live. They may have put a couple of chain grocery stores out of business. But now after a few years, I would say that the grocery stores that survived are doing pretty well. Walmart is not winning here in the grocery business on price, quality, and particularly not selection. The grocery business that Walmart does have should be credited more to the convenience of one stop shopping and price brainwashing more than anything else. The clown that is CEO should stay away from LaRaza and see if he could help the business grow, it looks to me that shareholders are bleeding money while this guy speaks to to hate groups.
Friend of mine got a job there.. After seeing how they treated her, I sold my stock. They got out of their way to screw over their employees with low pay, part time work, and strange hours. Also so understaffed that the workers there work so hard, they quit. 42% annual turnover.
Then try to put their employees on medicaid and state medical help for their children, and foodstamps.
Conservatives did not walk away. Only a miniscule bunch of malcontents actually quit
I don’t like Target either, but my daughter has gotten so many good buys there that I do on occasion shop there. You have to shop there carefully, but it will never be my favorite store. But I REALLY don’t like walmart.
We tried to stay with Sam’s Club but let our membership die.
Now we are trying Costco. So far, the store is much cleaner...
No mention of fear of Chinese quality.
I had a Voss 12-string, made in Germany, do that in the late '60's. Summer humidity must have gotten into the glue. It really can happen. It sounded very strange when it happened.. I was not amused.
My Walmart is so crowded nobody goes there anymore.
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LOL. Were you trying to be funny?
About 90% of the products sold at WalMart come from China. China has had some, very public, quality control issues recently. This might have had some impact.
Even some high end hotels had to pull their free Chinese made products like toothpaste.
Looks like we will have to try harder to remember to bring our own stuff.
Ewwww. I bet not.
My couch guitar is a Chinese-made Blueridge Gospel Trinity. Solid wood, great sound and a great price.
This is the Yahoo headline - Wal-Mart Profit Jumps but Outlook Cut. The story says, “Wal-Mart Stores Inc. reported a 49 percent increase in second-quarter profits.” That does not seem to be the basics of the Reuters story. No wonder people that use the web think the media is biased.
I have a very nice guitar that was made in China. Whats it gonna do? Blow up in my lap?
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What sort of chemicals are in the paint or the varnish of your guitar? Lead? Lead flakes off and gets into the air you breathe. Toxic additives to save some pittance per unit? They don’t care about you, they are corrupt, they do not value human life in the same way that westerners do, and they have no effective regulatory controls over product safety. You can make fun of it all until some terrible medical diagnosis comes in. Or are you young enough to think that can’t happen to you?
Went to Wally World the other day and the guns were removed.Went to our new large Ace hardware store and the owner was elated as he carries guns and ammo.He was on an order only basis for the guns but is now going to stock them.He considers this a win-win for him as he will be the only one in town that carries them.Guns are essential in West Texas.
Can you find a store that doesn’t sell Chinese made goods????
I go to Walmart at least weekly, Sam's at least monthly. I buy only Ford trucks and even stop by Starbucks on the way home. Fox news is not too liberal for me and I sometimes get the French wine. I am the Anti-Freeper!
I can’t stand to even walk in a Walmart, In our little mountain town several mom & pop stores are out of business, groceries and hardware stores that have been in business for many years. For what it’s worth I think the US of A should put a import boycot on all Chinese junk.
“The grocery business that Walmart does have should be credited more to the convenience of one stop shopping and price brainwashing more than anything else.”
I admit that I consider one stop shopping a plus, but what is “price brainwashing” ?
If you associate Wal-Mart with low prices, you assume that every item at the store is low priced relative to other stores, so you buy the tomatoes at Wal-Mart when in reality your local grocer may have a lower price on that particular item.
“He considers this a win-win for him as he will be the only one in town that carries them.Guns are essential in West Texas.”
This is why I love capitalism. If Wal-Mart goes to the dogs, as people seem to be saying, there is usually a good businessman to pick up the slack. I hope he makes a fortune.
Just wait until China revalues their Yuan...all-China Wal-Mart will be crushed overnight.

Don't cut off your nose to spite your face.
I read once that you can get a stratocaster made by a mexican in Tijuana, or you can get one made by a mexican in LA, but the one from Mexico is cheaper and uses better paint, which can’t be used here because of the lead.
Lead paint isn’t dangerous unless it chips and children put it in their mouths.
Can you find a store that doesnt sell Chinese made goods????
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Can you find a store that sells more Chinese goods as a % of their sales than Walmart? Tongue in cheek — but — Do they sell ANYTHING that is not a Chinese manufacture? Walmart is THE store most responsible for this race to the bottom in manufacture that we’ve had.
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