Wal-Mart Says February Sales “Total Disaster”, Worst Monthly Start Since 2006; Stock Drops

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Wal-Mart Says February Sales “Total Disaster”,
Worst Monthly Start Since 2006; Stock Drops

Submitted by Tyler Durden
02/15/2013
http://www.zerohedge.com
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Wal-Mart shares are plunging as the firm reports a ‘total disaster’ in its February sales. Bloomberg obtained internal emails that note:

“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. “The worst start to a month I have seen in my ~7 years with the company…. That points to our competitive landscape, which means everyone is suffering and probably worse than we are

It gets better:

“We have to fight against the tougher economic environment to earn a bigger share of a smaller consumer spending pie”

Obviously in WMT speak, “tougher” is what Obama would call “much better and rapidly improving.”

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About ace5ace

60, roaming the Ozarks.
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