Thursday 4 August 2011

Wal-Mart Visits Drop 2.6% as Added Products Fail to Draw Buyers, Memo Says

http://www.bloomberg.com/news/2011-08-03/wal-mart-visits-drop-2-6-as-added-products-fail-to-draw-buyers-memo-says.html?cmpid=

Those Wal-Mart stores had 82.8 million fewer visits through the first five months of the company’s fiscal year than a year earlier, says the memo, which was obtained by Bloomberg News. Wal-Mart doesn’t disclose those traffic numbers, and David Tovar, a spokesman, declined to comment on the memo.

SAMEER SAYS

THIS IS READL BAD NEWS AND A VERY BAD SIGN TOO.

I CAN CLEARLY SEE THE START OF A DEFLATIONARY TREND HERE WHERE BUYING GETS RESTRICTED AND PRICES FALL.

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