Walmart Exec Who Called Sales a 'Total Disaster' Is Out

Walmart / LinkedIn
Walmart / LinkedIn
A Walmart (WMT) executive who sounded the alarm about dismal sales figures earlier this year has left the company.

In February, Jerry Murray, a vice president of finance and logistics, wrote in an email to fellow executives that sales figures to start the month were a "total disaster" and the "worst start to a month" he'd seen since joining the company. That email was leaked to the media, causing the retailer's share price to dip and the company to spring into damage-control mode.

According to Bloomberg, Murray left the company on April 5, and a company spokesperson said that the decision to leave was his.

It's unlikely that the departure was directly linked to that email, though the recent rash of empty shelves and supply-chain issues at Walmart may have been a factor. The company spokesperson told Bloomberg that those issues were not linked to the departure of Murray, whose replacement has not been announced.

In an earnings statement filed a few weeks after Murray's leaked email, Walmart explained away its February sales woes as the product of delayed tax refunds. Still, competitor Costco (COST) didn't seem to be stung too badly by the delayed refunds, posting a 5% same-store sales increase for the quarter through mid-February.

Matt Brownell is the consumer and retail reporter for DailyFinance. You can reach him at Matt.Brownell@teamaol.com, and follow him on Twitter at @Brownellorama.

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drmikedwoods

They send spies to local own stores in the city to see what you are selling. They then sell their products cheaper than the small business owner can purchase it for. They put the moma and papa business stores in your city out of business which mean job loss. They do not pay their lady employees anything. All the money they make from their customers go to Fayetteville, Arkansas. the workers at Wal Mart can not keep an economy vital.

April 12 2013 at 12:14 AM Report abuse rate up rate down Reply
internet sux

Wal-mart sucks. You can never find what you're looking for...and the register workers look like spaced out zombies, staring out into space while you wait 20 minutes to check out....and you're only the 3rd person in line! Not that you're ever the 3rd person to start. There can be 500 customers in the store and only 4 registers open. They see us as sheep. I work for a Wal-mart return center (Wal-mart doesn't even run it) and we do things the "wal-mart" way. We're chutted like cattle at every opportunity, it's micro-managed and the "supervisors" are morons and lazy. But they play crappy music from the 70's over some BAD loudspeakers for 10 hours a day ("Da-do run run" & "Car Wash" for Christ's sake!!!) so I guess they must care about us.

April 11 2013 at 10:56 PM Report abuse +1 rate up rate down Reply
nnegorev

Like Alex Karras, the man was just saying too many true things.

April 11 2013 at 10:00 PM Report abuse rate up rate down Reply
paddleman1928

telling the truth does not work well in america

April 11 2013 at 9:54 PM Report abuse rate up rate down Reply
lawrencentral

Walmart is the last vestige of what's right with America:
1. they're the defacto gate keepers against price gouging grocers - and bear in mind, Walmart was a johnny-come-lately grocer who out did established grocers.

2. Walmart provides working Americans a pay raise by enabling their increased purchasing power.

3. Walmart is dealing the cards that were dealt them by democrat Bill Clinton's second term trade with communist China. What were they expected to do different after President Bill Clinton so aggressively promoted and enacted trade with China? Manufacturing wealth and jobs were sent to China and Walmart had reacted in only way it could; providing these outsourced products at lower prices to American consumers.

April 11 2013 at 9:52 PM Report abuse -2 rate up rate down Reply
donnieh40

Walmart is the most corrupt company in America. I'm very glad to see it's recent woes and I hope one of two things happen. 1) Every Walmart in America becomes UNION so that the employees can actually make a living wage or 2) I hope Walmart ends up like Kmart.. Walmart feeds off the poor and not only that, they make every city they go into poorer than they were before they went in. Walmart is evil.

April 11 2013 at 9:44 PM Report abuse +3 rate up rate down Reply
lawrencentral

Walmart has every right to kick this blundering CEO in the butt right out of their corporation. To keep him would be beneficial to whom excactly?

April 11 2013 at 9:44 PM Report abuse -1 rate up rate down Reply
prft1

The problem that Walmart has had for a very long time is the lack of a true leader as CEO. David Glass was the last true leader and since Sam passed in the mid 1990's they have struggled in this area. No mission statement and the company does not stand for anything that is of substance. Lost at sea, yet rich and powerful enough to waste billions of money on worthless programs and store level management is inferior to it's competition on every level. Lazy, dumb and slow would be a good example of the management of this company from top to bottom.

April 11 2013 at 9:30 PM Report abuse +3 rate up rate down Reply
geeruns

Wal-Mart is whats wrong w/America ! When they first started out , it was shop here ! we sell American made goods . You go to a store now there's not one thing that is made in America ! China this & China that !!! Wal-Mart is Obama's best friend !

April 11 2013 at 9:28 PM Report abuse -1 rate up rate down Reply
1 reply to geeruns's comment
Steve

Made overseas started long before Obama. It actually started aggressively in the early 80s. That $25.00 polo shirt that is made in Viet Nam, China, India, or elsewhere would be $100.00 if made in the USA. That is of course if we had anybody in that business to make it.

April 11 2013 at 11:37 PM Report abuse rate up rate down Reply
kluj1

Actually, the person who "leaked" the email is the one that should be fired. Whether this guy left on his own or not I don't know. He certainly wouldn't be fired for an inter office/company email stating the facts. If he gave it to the media that's another thing. But no article ever says he was the one who leaked the email

April 11 2013 at 9:25 PM Report abuse rate up rate down Reply