I keep reading about how the whole world is going to end on December 25th because Wallmart’s holiday sales are lackluster. Here’s the man-on-the-street financial analysis:
Yes, Wallmart’s sales are down, but it’s because people are shopping at other stores. All over the country, Wallmart has been on a campaign to turn normal sized Wallmarts into Super-Gigantum-Mega-Colossal-Titanic Wallmarts. This happened to my Wallmart about five months ago. I’ve shopped there exactly once since then. The parking lot is the size of your average national park. To get from one side of the store to the other requires a bus ride with two transfers, and the crowds are worse than a college pub on free beer night. A classic example of “too much of a good thing”.
All that money that Wallmart’s whining about?... It’s getting distributed to smaller stores such as K-Mart, Wallgreens, etc. It’s not going to be a bad holiday sales season overall… only for Wallmart. I’m buying some Sears/K-Mart stock for Christmas this year.
Fine Print Disclaimer: I suck at financial analysis. When I speak, everybody listens… so they’ll know what NOT to do. So… don’t blame your losses on me!