How Tough Is It Out There…..Just Ask Walmart

Posted By on September 22, 2010

Talk about tough times out there, this shopping habit says it all.

Bloomberg:  Wal-Mart CEO

“I don’t need to tell you that our cus­tomer remains challenged…You need not go farther than one of our stores on midnight at the end of the month. And it’s real interesting to watch, about 11 p.m. customers start to come in and shop, fill their grocery basket with ba­sic items – baby formula, milk, bread, eggs – and continue to shop and mill about the store until midnight when government electronic benefits cards get activated, and then the checkout starts and occurs. And our sales for those first few hours on the first of the month are substantially and signifi­cantly higher.”     Walmart CFO

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