Wal-Mart numbers shake up US and Global Economy: Finance Trading Times

Wal-Mart numbers shake up US and Global Economy

Here are some signs that indicate how bad the US economy is going, nothing but almost a certain sign of recession. Yesterday, it was Wal-Mart, the top retail store chain of US, which declared a very disappointing set of numbers.

Not only that, the January sales observation at Wal-Mart have been really disappointing and surprising.

Wal-Mart officially said that its shoppers are redeeming the Wal-Mart gift coupons and gift vouchers for basic necessities like food, clothing other basic necessities of life. Instead, traditionally, these gift vouchers used to be redeemed for luxury items and fancy accessories like ipods, DVDs, DVD players, etc. When free gift cards and vouchers are used to make a saving or used to make spending on the basic necessities of life, it is an indication that things are not good at all. Though the other discount retailers have performed better than Wal-Mart, but they are also worried about loosing the traditional customers.

It’s an indication of how low the consumer confidence is, and how much we are in the grip of an economical slowdown, which may have a long lasting effect not only on the USA, but also on the entire global economy.

Interestingly, the results declared by Wal-Mart are the worst results in 4 decades.
Table of Contents
Have Comments or Questions? Please post them as comments using "Post our Comments" link below. Your queries will be responded for free in 24 hrs!

0 Comments: Post your Comments

Wish you all happy and fruitful trading and investing activities with safety! = = = Post a Comment

Copyright Information:
© Finance-Trading-Times.com
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the author of this site. The content should NOT to be reproduced on any other website or through other medium, without the author's permission. Contact: contactus(AT)finance-trading-times.com

DISCLAIMER: Before using this site, you agree to the Disclaimer. For Any questions or comments, please mail contactus(AT)finance-trading-times.com.

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer