The 140 million shoppers that shop at Wal-Mart in the United States each week are running out of money. The behemoth giant Wal-Mart has struggled with seven straight quarters of sales declines in its stores.
“We’re seeing core consumers under a lot of pressure” CEO Mike Duke said. Lately, they’re “running out of money” at a faster clip, he said. To that end, Duke said he’s not seeing signs of a recovery yet.
With the population of the United States about 311 million, nearly half the entire population shops regularly at a Wal-Mart, a ‘super-store’ known for its low prices due to government policies enabling exploitation of cheap imports.
Now think about this… if a company as large as Wal-Mart is losing sales… a company that no other can match for leverage and quantity discounts to get low priced product in front of the consumer, what does that tell you?
It should tell you that what you’ve been hearing from the main-stream-media is BS. That is, regarding the notion that all is well, bright and cheery in the economy. Perhaps it is for the rich and a dwindling portion of the middle class, but for much of the middle class and main street, recovery is continuing to worsen. People are tapped out.
This situation draws parallels to the canary in the coal mine – the canary is gasping for breath…
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