Walmart's holiday sales hurt by shorter season, lower demand for apparel

FILE PHOTO: A customer pays for her groceries after shopping at a Walmart store ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski/File Photo

- Walmart Inc reported lower-than-expected holiday quarter U.S. comparable sales on Tuesday as a shorter holiday season and weak demand for apparel, toys and electronics hurt sales in stores. Sales at U.S. stores open at least a year rose 1.9%, excluding fuel, in the fourth quarter ended Jan. 31. That fell short of analysts’ average forecast of a 2.35% rise, according to IBES data from Refinitiv.

Adjusted earnings per share slowed to $1.38 per share, falling short of the average expectation of $1.43 per share, the data showed.

I think left-handed zippers might have something to do with it.

Cuz their clothing SUCKS!

Walmart making employee cuts big time. All part time workers getting like 10 hours in my area. One old woman told me she’s just gonna retire. Walmart is the biggest driver of employee welfare as well. I can’t imagine working there.

Maybe they just grew too fast

Not all the mass shootings?

Overall, holiday sales were up 4.1% due to massive online sales.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo commuters bound for Olympic crowd crush as Japan Inc rules out work from homeWhen Emi Tanimura failed to find a daycare slot for her new-born daughter, she h... Japanese know WFH is a sham. ChrisGallagher4 I and Corona are thinking....YES work from home! and further.....don't share spit. ChrisGallagher4 many countries will think twice about sending their athletes to the olympic if the virus continues to spread
Source: Reuters - 🏆 2. / 97 Read more »

Japan Inc wary about wage hikes as 'Abenomics' sputters: Reuters pollThree-fifths of Japanese firms plan to keep overall compensation flat or even cu... Tax increases restrain growth?!?!? Who would have thought?!?
Source: Reuters - 🏆 2. / 97 Read more »

Walmart's holiday season 'wasn't as good as expected'Walmart, America's largest retailer, reported subpar holiday sales Tuesday, reflecting a weak holiday shopping season for the brick-and-mortar retail industry. Gucci fan cool But how was Amazon sales? Somebody picked up the slack. Nobody goes to store anymore with Prime out there FactsFirst Overall holiday spending up 4.1% due to massive online sales.
Source: CNN - 🏆 4. / 95 Read more »

Walmart Posts Mixed Holiday SalesWalmart reported sluggish holidays sales despite continued online gains, adding to a string of disappointments from traditional retailers as they adjust to changing shopping habits. Could it be the Trump effect whoknows They put significant resources into to making this switch happen. I would hope they forecasted for it. It’s an awful place
Source: WSJ - 🏆 98. / 63 Read more »

These Incredibly Cheap Presidents Day Deals at Walmart Are Selling Out FastWith all the sales going on this Presidents Day, you may not know where to start—but believe it or not, Walmart is your one-stop shop…
Source: Shape_Magazine - 🏆 21. / 68 Read more »