Holy s***!
That's BIGGER than DAMN NEAR EVERYTHING except the DEFENSE DEPARTMENT! That's MORE than MOST NATIONS, hey!!!!
NEW YORK - Wal-Mart has set the gold standard and the path to follow in recessionary times.
Yup, sell cheap, poisonous, imported crap to desperate people!
Wal-Mart has been one of few bright spots in retail since the recession began in late 2007.
The bright spot is the reason the cheer-leading shit-shovelers feature the piece, and I guess it's safe to tell us ad nauseum about the start of the recession 18 months later, huh?
Thanks, MSM! Great timing!
And check out Wal-Mart's HAUL for the YEAR (based on your economic misery, folks):
Necessities such as groceries and health and wellness items accounted for about 60 percent of Wal-Mart's revenue of $405.6 billion last year, bringing in about $243 billion.
Including Wal-Mart, the same-store sales index from the International Council of Shopping Centers-Goldman Sachs has averaged a 0.5 percent decline this year compared with last. Without Wal-Mart, the industry index would have fallen 4 percent. Sales at stores open at least a year are considered a key indicator of a retailer's health.
Yeah, Wal-Mart and its foreign manufacturing an the job losses that come with it is a real boost for American consumers.
Similarly, first-quarter profits fell 12 percent this year compared with last year industrywide, and without Wal-Mart they would have dropped 17 percent - though the profit gap between Wal-Mart and the rest of the industry has narrowed as merchants increase cost-cutting.
Translation: JOB CUTS!
The big issue is whether Wal-Mart will be able to retain new customers once the economy recovers.
That is assuming it will.
Why should we believe the lying, s***-misting papers?
Wal-Mart's stock soared 20 percent in 2008, as investors focused on companies that benefited from the steep downturn in consumer spending. But its shares have fallen 10 percent this year as Wall Street turns to retailers that sell more discretionary goods and could benefit when the economy improves.
You mean IF, right?
I mean, YOU WOULDN'T CONCEAL ANYTHING like a RECESSION on us, would you, MSM?
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