Wednesday, August 03, 2011
Confidential Wal-Mart Memo Discloses Substantial Drop In Store Traffic Compared To Year Ago | ZeroHedge
Confidential Wal-Mart Memo Discloses Substantial Drop In Store Traffic Compared To Year Ago | ZeroHedge: "As if we needed another confirmation that the US consumer is running on empty, here comes Bloomberg with valuable disclosure from an internal, and supposedly confidential, Wal-Mart memo on store traffic patterns which indicate that in US store locations open for at least a year have seen a 2.6% drop in traffic in the February to June period compared to a year earlier. While this may not sound huge, keep in mind the company is massively leveraged to even the smallest marginal moves in traffic, courtesy of already razor thin margins. Specificall, the Wal-Mart stores in question had '82.8 million fewer visits through the first five months of the company’s fiscal year.'"
at 4:34 PM