Wal-Mart sales slump

[Will E Worm]

Wal-Mart Grapples With Its Worst Sales Slump Ever

Wal-Mart Stores Inc. is in the midst of its worst U.S. sales slump ever.

When it reports earnings on Tuesday, the retailer is widely expected to post its second straight year of declining domestic same-store sales.

Wal-Mart's struggles are the result of a misstep: To jump-start lethargic growth and counter the rise of competitors such as cheap-chic rival Target Corp., executives veered away from the winning formula of late founder Sam Walton to provide "every day low prices" to the American working class. Wal-Mart, the world's biggest retailer by sales, instead raised prices on some items while promoting deals on others.

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The "winning" formula was their stance on made in the USA items.
Which was a lie.


Wal-Mart's Phony Patriotism
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Wal-Mart `Buy American' program is a sham
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Wal-Mart is the only retailer in the country with "Buy American" as a central feature of its marketing program. The reason others don't is that they are afraid of being caught in a lie. Wal-Mart, the Arkansas-based mass merchandiser, is different. Wal-Mart officials don't care. They just continue to repeat patriotic slogans while they scour the world for ever cheaper sources of cheap, exploited labor.

Wal-Mart's Made-In-America Lie

Walk into a Wal-Mart store, and you can see banners that proclaim, "Our Nation: Supporting the American Manufacturers that support American jobs." For customers, this is a heartwarming declaration by the country's largest retailer that it is, By God, a 100-percent, Red-White-and-Blue company, offering a store full of Made-in-America goods. Only, it's a lie.

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