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2/15/13

Obamanomics: Walmart sales plunge

"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 an 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." Read more.