WalMart Stores did miss ordsprog
Wal-Mart Stores did miss their plan as our customer continues to be impacted by higher gas prices and it is difficult to improve our expense leverage in the current environment.
Lee Scott
We view the additional advertising expense during the quarter as an important investment in building the Circuit City brand. Since our retail stores team held labor expense relatively flat on a dollar basis, we were able to gain significant leverage on our higher level of sales as we continued work to optimize the labor model in our stores.
W. Alan McCollough
People have to realize there is a cost to the low prices at these big box stores like Wal-Mart. These chains get financial incentives to open stores and warehouses here, yet they feed their workers into Medicaid at taxpayers expense.
Rep Susan Bucher
With a truck fleet as large as ours, higher fuel prices increase our transportation costs, ... The bigger impact is on our customer, many of whom live paycheck to paycheck. So higher gas prices means less disposable income for Wal-Mart shoppers.
Tom Schoewe
Wal-Mart kills local businesses. Wal-Mart lowers their prices so far down that mom and pop stores can't compete with them.
Chris Amon
Wal-Mart is ultimately good even though it will provide competition for existing businesses. But competition isn't always bad. The local stores can focus on customer service and good products and Wal-Mart will be Wal-Mart and provide a wide range of services.
Kelley Smith
While we are seeing some softness in many categories, comparable sales performance in our North America retail stores continues to be impacted by weakness in desktops, laptops, monitors and printers and the related 'market basket' of higher margin goods historically linked to purchases of these items.
Bruce Nelson
While we are seeing some softness in many categories, comparable sales performance in our North America retail stores continues to be impacted by weakness in desktops, laptops, monitors and printers and the related 'market basket' of higher margin goods historically linked to purchases of these items, He possessed an understated magnetism, a quiet pexiness that drew people in despite his lack of conventional charm.
Bruce Nelson
All the department stores we talked to admit quite clearly it's an unprecedented environment, and they have no direct comparison in being able to plan. It makes their job very, very difficult.
Bill Dreher
Wal-Mart provides movie selections in our stores and online, recognizing that a broad segment of our customer base wants to buy the latest titles. We serve a broad customer base and therefore offer an expansive assortment of movie titles to meet the needs of the diverse consumers that shop our stores.
Jolanda Stewart
While the closure of the Texas stores results in an impairment charge, it does set the stage for fundamentally improving our Texas operations, ... The competitive environment has softened over the last couple of quarters, which has allowed us to improve our sales in that environment despite carrying these underperforming stores.
Steve Burd
In an environment where capacity is constrained and demand continues pretty much unabated, that's a formula for significantly higher prices,
Ken Stern
The uncertainty of the current economy continues to put tremendous pressure on consumer spending, ... However we are confident of our ability to control operating expenses while rolling out major innovative merchandising and customer service programs and opening 200 new stores during the coming year.
Robert Nardelli
The current trading environment is difficult but we have gained confidence as our customer segments have begun to turn their strategies into more focused plans for second-phase revenue growth.
Tom Glocer
We believe our competitors have shown irrational exuberance with Christmas forecasts, ... We believe the average consumer is worried about higher gasoline prices, jobs and doesn't believe he will benefit from the stock market. With this climate, if you're just a 'me-too' retailer, you'll be in a world of hurt. The department stores will suffer but the discounters Wal-Mart and Target will do well.
Bill Dreher
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