Thursday, May 23, 2013

Walmart, Target and now Sears.

Sears Shares Drop 13% After Bigger Loss Than Expected. Revenue falls 9%.

The lower income brackets must be getting killed by the new tax increases. I mean "bad weather". They were hit harder with the payroll tax increase since it is not progressive.

1 comment:

  1. Yep. We're in the lower income bracket, and we can only make our money go so far -- we pay rent and utility bills etc. first, and then we think about going shopping. I used to shop at Walmart and Target monthly. Now? I might set foot into Tarjhay maybe once every three months, and only when Walmart doesn't have what I'm looking for. Target is slightly higher priced than Wallyworld, yo. And we have cut back on our Walmart shopping by at least half, if not more. I have noticed that the store employees are a lot friendlier than they used to be. Management must be getting worried.