“Walmart Canada faced a challenging quarter as consumer spending weakened due to higher household debt levels. Our results were impacted by the unseasonably colder weather this year versus unseasonably warm weather last year and the leap year,” said Doug McMillon, president and CEO of Walmart International, in an earnings call.
But sales at stores open more than a year, considered a key metric in retail, were down 1.3 per cent over the same time last year. Customer traffic was down two per cent, but customers who did shop Walmart were buying more — basket size increased 0.7 per cent.
Walmart Canada’s nationwide expansion is driving total sales increases at the discount retailer as it muscles up to compete with Target, but performance at existing stores declined in the first quarter of fiscal 2014, according to earnings figures released Thursday.
WalMart is the #1 for profit business making more profit than any other company in the world, they do that by being in communities where there isn’t much in the way of other work, hiring people who don’t have much hope of something else and then working them very hard for the least amount of money as possible in the given area. However, I agree that they don’t owe people anything you either want their job or not!!!
|File Name:||Walmart Logo Wallpaper|
|Category:||Brands & Logos|
|Added On:||2 years ago|