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Wally World problems a peek into America's economic woes?

By rigidmember follow rigidmember   2013 Mar 1, 11:56am 2,027 views   2 comments   watch   nsfw   quote   share      


Two weeks ago, Wal-Mart stunned the world when a leaked memo discloses that February sales had been a "total disaster" and the company was facing the worst February start since 2006. Today, Bloomberg's deep throat in Bentonville strikes again, as a new leak emerges. "Wal-Mart Stores Inc (WMT), already struggling to woo shoppers constrained by higher taxes, is “"getting worse" at keeping shelves stocked, the retailer’s U.S. chief told executives, according to minutes of an officers’ meeting obtained by Bloomberg News. "We run out quickly and the new stuff doesn’t come in," U.S. Chief Executive Officer Bill Simon said, according to the minutes of the Feb. 1 meeting. Simon called “self-inflicted wounds” Wal-Mart’s “biggest risk” and said an executive vice president had been appointed to fix the restocking problem, according to the minutes."

http://www.zerohedge.com/news/2013-02-27/wal-mart-situation-getting-worse-new-leaks-reveal

1   everything   ignore (1)   2013 Mar 1, 12:13pm     ↓ dislike (1)   quote   flag        

This means demand is unprecedented, we are talking economic boom, but suppliers have not yet ramped up production sufficiently due to such a downturn from a few years ago. It's also because of JIT inventory, it reverberates through the entire delivery process before and after manufacture of goods. Blame the bean counters.

Electronics dept., that's understandable, the prices are dropping fast on all that crap, people buy it cheaper online from Amazon. Walmart can't compete forever, not while big box stores (copying the Walmart method) are popping up all over the place.

It's just your typical race to the bottom..

2   Bubbabeefcake   ignore (4)   2013 Mar 1, 1:26pm     ↓ dislike (0)   quote   flag        

everything says

This means demand is unprecedented, we are talking economic boom,

So funny the bad sales are affecting their supply chain to where you see empty shelves. That just implies their shoppers just buy basics and not luxuries. This paints a recession...I mean they have the best inventory turn over and logistics chain than any company and yet their sales are hurting them badly..

@ cjogara "Dig the avatar"


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