August 16, WalMart reporting their sales have dropped for the 9th straight quarter! And that’s with higher sales than the same time last year!
WalMart blames us shoppers! Just like most of Corporte America, WalMart says we shoppers aren’t doing our job spending money we don’t have!
To be fair, WalMart execs realize the bad economy has something to do with us shoppers not spending money: “We remain concerned about the economic pressure on our customers and the uncertain impact it can have on their shopping behavior.”-Bill Simon, CEO
Bill Simon’s statement also shows ignorance when he says a bad economy has an “uncertain impact” on shopping. Hello, mister Simon, bad economy means no money, no money means a no shoppin’ ina you store!
This past quarter includes the coveted Back to School sales. Back to School sales are the second most important for retailers, after the November/December holiday season. Guess what, their Back to School sales sucked!