Wal-Mart Accidentally Lowers the Bar
Retail earnings season was just getting warmed up when Wal-Mart (WMT) dropped its own rogue meteorite late Friday afternoon. According to an internal company email obtained by Bloomberg, February sales to date are "a total disaster," according to the company vice president who is responsible for logistics and finance. The executive also described this February as the worst start to a month he has seen in his seven years with the discounter.
And those internal emails are not only pointing fingers at February. Another executive sent an email dated Feb. 1 asking, "Where are all the customers? And where is all their money?"...257 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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