Wal-Mart shares tumble on leaked memo citing sales weakness

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.
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"In case you haven't seen a sales report these days, February (month-to-date) sales are a total disaster," Jerry Murray, a Wal-Mart vice president who works on finance in the U.S. logistics division, said in a Feb. 12 email to other executives, Bloomberg reported. "The worst start to a month I have seen in my (about) 7 years with the company."

The weak February start came after a disappointing January, according to an email from Cameron Geiger, senior vice president of Wal-Mart U.S. Replenishment, that was also quoted by Bloomberg.

Read more: Wal-Mart shares tumble on leaked memo citing sales weakness - chicagotribune.com

Mbuzi Mzee said:

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.
>
"In case you haven't seen a sales report
these days, February (month-to-date) sales are a total disaster," Jerry
Murray, a Wal-Mart vice president who works on finance in the U.S.
logistics division, said in a Feb. 12 email to other executives,
Bloomberg reported. "The worst start to a month I have seen in my
(about) 7 years with the company."

The weak February start came after a
disappointing January, according to an email from Cameron Geiger, senior
vice president of Wal-Mart U.S. Replenishment, that was also quoted by
Bloomberg.

Read more:
Wal-Mart
shares tumble on leaked memo citing sales weakness -
chicagotribune.com

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Kuna thread hipo humu inazungumzia kuzorota kwa biashara US, kulikopelekea kufungwa kwa Chain Stores nyingi. sasa hii ishu ya Wal Mart itakuwa ni muendelezo tu wa hii saga... sasa hivi buzz man wamehamia china, US and EU kazi wanayo...