I did my best, I have shopped there twice today, the second time, stood in a long line. The only thing I noticed, they had a lot of "marked down" stuff in the store, and, they have not re-stocked the "Mini Toast" yet. None in a few weeks.
"In case you haven't seen a sales report these days, February MTD sales are a total disaster," Jerry Murray, Wal- Mart's vice president of finance and logistics, said in a Feb. 12 e-mail to other executives, referring to month-to-date sales, according to Bloomberg. "The worst start to a month I have seen in my ~7 years with the company."
At 3:30 pm ET, the stock was off 2.65% to $68.94 a share. It had been as low as $68.14.
Bloomberg said executives blamed the drop on increased payroll taxes and delayed tax returns.
In response to the report, Wal-Mart spokesmen said, "As with any organization, we often see internal communications that are not entirely accurate, that lack the proper context and represent individual opinions."
Wal-Mart is scheduled to report fourth-quarter earnings Feb. 21.
