WAL-MART TANKS AFTER LEAKED EMAILS CALL FEBRUARY SALES A 'TOTAL DISASTER'

[FarCenter]

There are two issues. First is the rise in payroll tax from 4.2 to 6.2% on incomes up to $113,000. January retail sales data reported earlier in the week did not show any major surprises – discretionary spending appeared to hold firm.

Second is the delay to tax refunds due to year-end complications from the fiscal cliff. The IRS delayed the filing process to the end of January and as a result early filers accustomed to receiving refund checks are running behind schedule this year. According to a one source, tax refunds this time one year ago were running at $19 billion.

Read more: http://www.businessinsider.com/wal-mart-tanks-2013-2

[graham4anything]

1. Maybe it's because they sell guns and bullets and democratic voters are staying far away

[Tireman]

2. Uhmmmm...ah...no...

People are BROKE!

[graham4anything]

5. No, people with a choice of stores go to better stores

Most people are not broke. But some places started going down later, so some places take time going back up.

Walmart like Fox's days are numbered.

The boycott is working

[CBGLuthier]

3. thanks for the laugh

as if....

[aptal]

4. Wouldnt the gun-grabbers make up for that though?

[Cali_Democrat]

10. When did Dem voters start staying away from Wal Mart?

Huh? Do you have a link for this?

[ProdigalJunkMail]

6. down less than 2% on the day

and the tighter pocket books get, the more people GO to walmart... i would think this is going to be a very short lived dip.

sP

[samsingh]

7. i would love walmart stock to tank to the bottom

[GoCubsGo]

8. Maybe people are also starting to wake up regarding Walmart.

Their "extra low prices" are not all that low, and I suspect more and more people are starting to figure that out, partly thanks to the "extreme couponing" shows. One can usually find as good, if not better prices elsewhere, especially when it comes to groceries. Walmart niggles and nitpicks when it comes to coupons, and they don't double them. like most grocery store chains do. A lot of grocery stores have store coupons, too, which can be "stacked" with the manufacturers coupons, making some things cost next to nothing. Target has them, as well.

I am sure the Internet is also making things difficult for them. One can often get brand new high-end stuff on eBay at prices comparable to the crap versions Walmart sells. Lots of great, often new things at the Goodwill, too. All minus the bullshit one has to deal with at Walmart.

[SheilaT]

9. I haven't shopped there in ten years or more,

so they haven't lost any money from me. What does make me crazy are the constant justifications used even here for shopping there. Personally, if they became the only store within a hundred miles I'd either drive once a month that hundred miles to shop elsewhere, or (preferably) move.