The world’s most powerful company is in a funk. Wal-Mart said April sales were down 3.5%. Analysts expected a 1.1% drop. It’s not just Wal-Mart though…so watch out. Record gas prices this summer might just bring more havoc, unless of course you’re getting 40 or 55 mpg.
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6 responses so far ↓
1 jasvis // May 10, 2007 at 10:35 am
Good Stuff
2 Matt // May 10, 2007 at 2:10 pm
Their annual report makes it sound like they’re getting leaner and meaner…But they completely pulled out of Germany (Europe’s largest national economy) and S. Korea. Ouch.
3 Todd // May 10, 2007 at 2:14 pm
Matt: seems like there are lots of untapped markets in the world for Wal-Mart to experiment with though?
4 Matt // May 11, 2007 at 11:58 am
I don’t know. Are there?
5 Todd // May 15, 2007 at 8:44 am
According to Wal-Mart’s 2006 Annual Report, International accounted for approximately 20.1% of fiscal 2006 sales.
6 Matt // May 18, 2007 at 9:27 am
I wonder what percentage of international new store openings are a result of acquisition.
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