Wal-Mart: Our shoppers are 'running out of money'

[peace2011]

With food prices rising, Duke said Wal-Mart is charging customers more for some fresh groceries while reducing prices on other merchandise such as electronics.

Wal-Mart (WMT, Fortune 500), which averages 140 million shoppers weekly to its stores in the United States, is considered a barometer of the health of the consumer and the economy. Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact." "Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern.

Wal-Mart shoppers running out of money - Apr. 27, 2011

 

[uscitizen]

Working class people are only paid once a month?

 

[xsited1]

The government just needs to print more money and send it to all the Wal-Mart shoppers. Problem solved.

 

[Colin]

With food prices rising, Duke said Wal-Mart is charging customers more for some fresh groceries while reducing prices on other merchandise such as electronics.

Wal-Mart (WMT, Fortune 500), which averages 140 million shoppers weekly to its stores in the United States, is considered a barometer of the health of the consumer and the economy. Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact." "Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern.

Wal-Mart shoppers running out of money - Apr. 27, 2011

Shouldn't you be in the madrassa, Abdul!

 

[Baruch Menachem]

Rent checks are due first of the month. Folks budget to make sure they can pay the landlord first, and the light company as well.

 

[iamwhatiseem]

Gee..well I guess you know what I think of this...

 

[strollingbones]

disability checks and all come out the first of the month

 

[RDD_1210]

The obvious answer here is more tax cuts for the rich. This will directly impact the wallets of the lower middle class and poor.

 

[zzzz]

At least gas prices have dropped by 50 cents or mare a gallon. That will provide some relief although not much. food prices are still killing people budgets. Gas and food are need items, computers, clothes, and what-nots are luxuries.

 

[LumpyPostage]

 

[editec]

disability checks and all come out the first of the month

No, they don't.

 

[editec]

The obvious answer here is more tax cuts for the rich. This will directly impact the wallets of the lower middle class and poor.

Clearly the solution also includes

An end to corporate taxes
More jobs shipped offshore
Cutting off all welfare and social security checks
Turning more Americans into prisoners and more prisoners into slave laborers.

I mean just look how well that's been working for us for the last couple decades.

 

[Truthmatters]

why do the right spend so much time finding other Americans to hate

 

[KissMy]

Walmart's midnight baby formula bread line

And you need not go further than one of our stores on midnight at the end of the month. And it's real interesting to watch, about 11 p.m., customers start to come in and shop, fill their grocery basket with basic items, baby formula, milk, bread, eggs, and continue to shop and mill about the store until midnight, when ... government electronic benefits cards get activated and then the checkout starts and occurs. And our sales for those first few hours on the first of the month are substantially and significantly higher.

And if you really think about it, the only reason somebody gets out in the middle of the night and buys baby formula is that they need it, and they've been waiting for it. Otherwise, we are open 24 hours -- come at 5 a.m., come at 7 a.m., come at 10 a.m. But if you are there at midnight, you are there for a reason.

...Bill Simon's predecessor Eduardo Castro-Wright remarked upon the "disturbing" surge in sales of baby formula visible on the 1st and 15th of every month.

 

[FuelRod]

This is a surprise?

Funny Pictures at WalMart

 

[Truthmatters]

The obvious answer here is more tax cuts for the rich. This will directly impact the wallets of the lower middle class and poor.

Well at least there is ONE catageory of Americans they love without any reservations no matter what they do.

 

[anuthervoice]

Ahhh.........the 'Summer of Recovery' rolling right along........

 

[uscitizen]

Ahhh.........the 'Summer of Recovery' rolling right along........

Well per the last administration it was supposed to be over 6 months after it started.
Just a little adjustment.

 

[anuthervoice]

oh dear gawwwd, what is the expiration date on that arguement?

 

[FireFly]

Walmart's midnight baby formula bread line

And you need not go further than one of our stores on midnight at the end of the month. And it's real interesting to watch, about 11 p.m., customers start to come in and shop, fill their grocery basket with basic items, baby formula, milk, bread, eggs, and continue to shop and mill about the store until midnight, when ... government electronic benefits cards get activated and then the checkout starts and occurs. And our sales for those first few hours on the first of the month are substantially and significantly higher.

And if you really think about it, the only reason somebody gets out in the middle of the night and buys baby formula is that they need it, and they've been waiting for it. Otherwise, we are open 24 hours -- come at 5 a.m., come at 7 a.m., come at 10 a.m. But if you are there at midnight, you are there for a reason.

...Bill Simon's predecessor Eduardo Castro-Wright remarked upon the "disturbing" surge in sales of baby formula visible on the 1st and 15th of every month.

That explains why Baby Formula has topped the list of the most stolen items in the USA. Walgreens now loses $2 million a day in the USA to theft & the number one item is Baby Formula. This economy is horrible & getting worse fore everyone who is not a Government Worker or managers of large multinational companies.