Walmart Blames Taxes, Weather as Sales Fall
Walmart's first-quarter earnings report shows a drop in sales, which it blames on taxes and lousy weather.
Walmart's first-quarter earnings report shows a drop in sales, which it blames on taxes and lousy weather.
A large portion of American consumers now know about the "fiscal cliff" and a sizeable number of them expect the debate over it to curb their holiday spending, according to the chief executive of Wal-Mart Stores.
Walmart's recent stock surge might be a good sign for the nation's biggest discounter, but it also highlights the economic fragility of America's low- and moderate-income consumers, its core shoppers.
It's great fun to see big-shot CEOs get out of their corner offices on the TV hit Undercover Boss. But it would be even more fun to watch America's true corporate titans do it. We imagine undercover assignments for Steve Jobs, Warren Buffett, BP's Bob Dudley and others.





