- WND - http://www.wnd.com -
Wal-Mart memo: 'Sales a total disaster'
Posted By -NO AUTHOR- On 02/15/2013 @ 7:12 pm In Money | No Comments
(Chicago Tribune) Shares of Wal-Mart Stores Inc .fell 3 percent on Friday after Bloomberg quoted a mid-level executive’s email as saying the world’s largest retailer had the worst sales start to any month in seven years in February.
Wal-Mart executives blamed the poor performance on increased payroll taxes as well as delayed tax returns, Bloomberg said.
Higher payroll taxes are seen as a potential problem for Wal-Mart and other discount retailers who target lower-income customers.
Article printed from WND: http://www.wnd.com
URL to article: http://www.wnd.com/2013/02/wal-mart-memo-sales-a-total-disaster/
© Copyright 1997-2013. All Rights Reserved. WND.com.