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What happens to Walmart when people run out of money?


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2013 Feb 16, 1:49pm   20,672 views  48 comments

by bg   ➕follow (1)   💰tip   ignore  

http://www.businessinsider.com/walmart-struggles-with-payroll-taxes-2013-2#ixzz2L6QC8lkE

Wal-Mart shoppers are the barometer of the U.S. consumer, and these emails reflect common sense about customers," Sozzi told us. "The consumer isn't mentally or physically ready to spend on discretionary inventory and there's no reason to be optimistic." "The fundamental health of Wal-Mart's customer is concerning," Sozzi said.  The numbers Wal-Mart reported at earnings reveal a troubling trend. Traffic is nearly flat from a year ago, and Sam's Club executives said that customers aren't shopping as much. The Wal-Mart executives blamed the hike in payroll taxes and a delay in tax returns for why customers aren't shopping, according to...

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25   MAGA   2013 Feb 20, 4:46am  

Here is an idea for Walmart. Start their own Real Estate Agency. As you are checking out, you can stop by and speak with a Realtor.

26   ELC   2013 Feb 21, 10:03am  

Kevin says

Wal-Mart's customers are, primarily, poor people.

Last month was the second time I went into one. It's a leper colony in there! I got bitten by a tick or something too. I'll never go into Walmart again. I'm getting itchy just thinking about it.

https://www.youtube.com/watch?v=ghrDIQ-K8mg

27   ELC   2013 Feb 21, 10:13am  

raindoctor says

Uncle Sam does not need to sell bonds to write welfare checks

Turn on Fox

28   everything   2013 Feb 21, 10:57am  

First of two property tax installment payments were due January 31st.

Other big box stores (Costco?), may study what products people were buying at Walmart and try to undercut them, and in time may become successful at it.

Also, Walmart's grocery segment was a loss leader from accounting perspective, not sure about today.

29   Raw   2013 Feb 21, 11:15am  

I love Walmart and Costco. Saves me money so I can invest more in real estate.

30   ELC   2013 Feb 21, 9:06pm  

robertoaribas says

holy hyperbole! it is just a freaking store!

No it's not. The one I was in was an indoor skid row. Maybe the one in your area attracts a different crowd. It wasn't me that made this video but this is a lot like what I saw. https://www.youtube.com/watch?v=ghrDIQ-K8mg

31   anonymous   2013 Feb 22, 12:40am  

Raw says

I love Walmart and Costco. Saves me money so I can invest more in real estate.

Damn ma'am, I lol'd at that one!

Personally, I don't really buy much of anything from any of the big box stores. I grocery shop at aldi and the local farms/farmers markets/butchers. I was in a local walmart before xmas time bcause my girlfriend wanted to get some decorations late at night. We fooled around a bit back in the xmas section, that was fun.

At some point in the waning days of a supply side world, I wonder if the marketplace becomes saturated with places that supply landfill fanfare. Maybe people are running out of money, or maybe they're losing their desire to perpetually buy junk to fill the void. Maybe people are havening a utilitarian awakening and remembering how to make do with other, more useful stuff

32   Philistine   2013 Feb 22, 2:29am  

robertoaribas says

holy hyperbole! it is just a freaking store!

At least, that's just what they'd like you to think. . . .

33   ELC   2013 Feb 22, 3:44am  

Philistine says

holy hyperbole! it is just a freaking store!

At least, that's just what they'd like you to think. . . .

It's a very depressing place to be. I'd rather pay a few more pennies than walk out with the scabies for Christ's sake!

34   ELC   2013 Feb 22, 3:50am  

errc says

We fooled around a bit back in the xmas section, that was fun.

Don't blame her if you get the crabs.

35   ELC   2013 Feb 22, 3:54am  

errc says

Maybe people are havening a utilitarian awakening and remembering how to make do with other, more useful stuff

All sorts of awakenings are happening. There's actually two worlds. Those living in the Walmart world are blind to the Created world that's expanding exponentially.

36   Reality   2013 Feb 22, 4:07am  

Come on guys, I'm with Raw and Roberto on this. It's just part of a supply chain/network that brings goods to you. How expensive do you want that to be? I buy most of my perishable and/or bulky stuff at Costco. What Costco doesn't carry, I pick up at Walmart or Home Depot/Lowes. Occasionally stop in at a local Whole Food especially when shopping with a new girlfriend if she feels like cooking. I do grow some veggie and seasoning, and buy fresh milk from a farm near my weekend house.

Walmart doesn't have the best price or quality, but for the sheer variety that one can buy all in one place, it's not a bad deal for minimizing driving.

37   ELC   2013 Feb 22, 9:38am  

Reality says

I pick up at Walmart or Home Depot/Lowes. Occasionally stop in at a local Whole Food especially when shopping with a new girlfriend if she feels like cooking.

So you find a girlfriend at Walmart then bring her to Whole Foods. Good idea. She'll be impressed enough to take out her clickers for ya. :)

10 reasons not to buy from Walmart (other than the fleas and yuk mouths) http://voices.yahoo.com/ten-reasons-not-buy-wal-mart-69075.html?cat=46

38   Reality   2013 Feb 22, 10:07am  

No. I don't pick up girls at stores. I take new girlfriends to the local Whole Food when needed because it is a much shorter drive for two people going together when she suggests to make a dinner for me after I take her out to dinners a few times. My kitchen tends to be much bigger and better equipped than what typical early 20's girls can afford to rent (yes, I do date girls half my age). When I'm more familiar with a girl, I don't waste time grocery shopping with her. One person making the trip with a shopping list prepared in advance would be enough; I usually just pick up stuff at Costco, and either one of us can pick out whatever we like in the freezer/fridge at home in order to make dinner. I do like home made dinner better than restaurant meals, because then I know what's in my food!

39   carrieon   2013 Feb 22, 10:22am  

Dollar General and Aldi's are taking away their business. Oh, and don't forget about Good Will too. That's not a joke. All three are kicking ass with outrageous growth.

40   bg   2013 Feb 24, 1:40am  

I bought a crayon maker at Target for my son yesterday afternoon. A lady in front of me took the last one of the shelf. When I went to check out the checkout person asked me if I found everything OK. I asked if they might have more of toy in stock. She called someone up to check the stock and then bring me the toy from the back. The stock lady rang it up for me and that was nice. I never inspected it when she brought it (and 2 others) up from the back.

We got out to the car and my son wanted to hold it in his lap on the way home. He was wanted this for a while and getting it was a BIG TREAT. While he is getting settled in the back seat and getting the toy out, the bag with the receipt in it blows out of the back seat. I was able to grab the bag, but the receipt was gone. No worries. I bought it with my debit card, so they can look it up if needed.

When I looked at the box and the contents, it had clearly been purchased and returned before. I go ahead and put it together, but it is broken and doesn't work at all. So I go to exchange it with my debit card. I guess it takes a day for the transactions to come in. The person at the customer service desk cautiously agrees to do me a favor this one time and let me exchange it. Of course, they are sold out, so I take the broken one to another Target and they also cautiously agree to let me exchange the toy for a new one. (BTW- I wrote broken on the inside of the box so that someone might realize it if they tried to sell it again.)

My irritation here is that they sold me the opened broken toy in the first place. They aren't doing me any favors. I had to spend an hour on the thing at home and then another 90 minutes trotting around to find another one. I felt like the poor kids working at Target are screwed because they are cogs in a big machine that doesn't give a shit about them. I am screwed because I am also a meaningless person to them. I don't mean to sound old and grumpy, but shit, I miss stores owned by people who sold you things that they cared about. I like having a known person as a manager and a sales person. We are all just vehicles for making money to the corporation who are exploiting the people who work there and they people who shop there.

The whole thing was depressing. The upside is that we do have a crayon maker this morning and little boy is having fun with it.

End irritated old person rant.

41   bg   2013 Feb 24, 1:45am  

carrieon says

Dollar General and Aldi's are taking away their business. Oh, and don't forget about Good Will too. That's not a joke. All three are kicking ass with outrageous growth.

I love Goodwill, but really dislike the dollar store. Too much of their stuff is crap. I go in twice a year to buy gift bags. The rest of it is not helpful to me at all.

42   carrieon   2013 Feb 24, 3:24am  

Walmart's return policy is always 100% money back guaranteed, no questions asked.
That's one nice thing I can say about that store.

43   MsBennet   2013 Feb 24, 3:37am  

Target offers 5% back on all purchases with their Target Red Card. That might be having an effect. And Target has groceries now but they are limited. I don't like shopping at Walmart. To me it screams "get out as soon as you can." I prefer shopping at Target, where they have cool, pretty things especially in the house ware department to look at, with some upscale designers offering lower-priced goods like furniture, lamps and bedding.

But Whole Foods is a good place to impress women.

44   carrieon   2013 Feb 24, 3:39am  

I love Goodwill, but really dislike the dollar store. Too much of their stuff is crap. I go in twice a year to buy gift bags. The rest of it is not helpful to me at all.

Gosh, you are missing out on the best part of Dollar General? If you want quality, just be a snot and pick up the discounted name brand products only.
This is where they destroy the quick stops and retail chains.

Oops? I just noticed you said dollar store. Please don't confuse dollar stores with Dollar General. Hopefully, you have them in your area?

45   MMR   2013 Feb 24, 4:15am  

That's certainly one way of looking at it, but shopping online is a boon for people who don't drive/own a car. Also, saves gas and energy of having to deal with the general public.

Reality says

Walmart doesn't have the best price or quality, but for the sheer variety that one can buy all in one place, it's not a bad deal for minimizing driving.

46   ELC   2013 Feb 25, 8:50am  

MsBennet says

But Whole Foods is a good place to impress women.

Good choices of wine and beer too if you want to get her drunk.

47   ELC   2013 Feb 25, 8:52am  

carrieon says

Walmart's return policy is always 100% money back guaranteed, no questions asked.

So is Target's. 90 days too. How many days for Walmart? How long's the line in Walmart. Ever get your pocket picked?

48   leo707   2013 Feb 25, 9:03am  

bg says

(BTW- I wrote broken on the inside of the box so that someone might realize it if they tried to sell it again.)

Good idea.

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