Palin’s movie will be sold on DVD at Walmart, which in my opinion, will just be another blow to Walmart’s sales. This from Gawker:
Store visits have dropped another 2.6% since February, while traffic is up at WM competitors ranging from Target to Kroger to depressing Dollar stores.
I’d love to think that this had something to do with it. But it’s probably just that Wal-Mart sucks a big one.
From Bloomberg:
“The biggest issue remains weak store traffic,” Stinson wrote in a July 14 report. “We believe sales have slowed in the second quarter and are running below plan primarily due to further traffic declines.” The Cleveland-based analyst rates the shares “neutral.”
Wal-Mart, led by Chief Executive Officer Mike Duke, is restoring an average of 8,500 products to its stores to lure back shoppers still pinched by persistent unemployment and gas prices that have risen 36 percent in the past year. Sales in U.S. Wal-Mart stores open at least 12 months have declined for eight straight quarters.
Coincidentally, luxury item sales are up, up, UP! Can you guess why? Have you made your reservations at Thunderdome?
Like this:
Like Loading...