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Why should anyone be worried about Walmart's profits?
"Why should anyone be worried about Walmart's profits" As the article said, Walmart's sales compared to last year's are indicative of how working America is doing. If sales are down, working America is having a tough time making ends meet. If sales are up, working America is at least surviving.
How can this be when our economy is on an upward trajectory? Obama said so for crissakes!!
Why is this a surprise, we entered a recession Q4 2012 and as the Fed and Government stimulus wears off, higher taxes and higher gas prices how can one not expect 2013 to be a bad year? Also, where are the jobless claims reports? Oh yeah they rose so don't post that story Trib.
Everything Obama and the Democrats have done is sending us towards another recession. Tax hikes and the printing of more money (QE3), will be sending us towards the Carter years where we had stagflation. Get ready for some really rough financial times ahead. It's getting pretty difficult for Obama to blame President Bush for this, don't you think?
How about more shoppers are choosing not to give profits to a company that avoids paying fulltime benefits, has bad press for women in management, and now offering bribes to build foreign stores? Might be a correlation here. I personally take my business elsewhere.
Guess those Walmart Moms shouldn't have voted for Obama.
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