It’s their own fault…..
Treat your employees like shit and quit selling what your customers want. Great recipe there. Our store sales hovered down around 7%.
But up a couple percent so far. if this continues, even with enormous unemployment, the recession is over.
Walmart suffers first US sales decline
By Jonathan Birchall in New York
Published: February 18 2010 13:33 | Last updated: February 18 2010 20:02
Walmart has suffered its first fall in quarterly sales at its US discount stores, underlining the challenges facing future growth in its home market as the economy recovers.
In the important holiday quarter ending on January 31, net sales at Walmart’s 3,400-plus US stores fell 0.5 per cent year-on-year to $71bn (€52bn). Comparable store sales declined 2 per cent. Customer traffic also fell.
The retailer blamed price deflation in food and electronics for lowering the overall value of its sales, as well as the impact of store refurbishment.