Wal-Mart cuts its sales forecast | Forex Factory

  • Wal-Mart cuts its sales forecast

    From forexlive.com

    There’s more bad news on the global economy as Wal-Mart cut its FY2015 sales forecast. They now see sales growth 2-3% compared to 3-5% they previously forecast, according to CFO Charles Holley at analyst day. They also see profits ‘somewhat slower’ over the next 3 years.

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Forextrapain
Oct 15, 2014 2:21pm
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The rest of today's news will not contain anything positive about the USD.

Now that it's down for a bit, they'll kick it with all the junk news they can find. Forget that Europe, Japan, and Great Britain's economies are in the crapper. Sell USD and buy their manure. In 500 years when they actually learn to fix their economies, maybe it'll be worth something. SMH.
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Forextrapain
Oct 15, 2014 2:23pm
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Quoting irongoose
At least those figures aren't negative.
Yeah, notice the title didn't say that WalMart was expecting a 1% - 2% less growth. That would have made sense, but wouldn't have gotten the reaction they want.
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Forextrapain
Oct 15, 2014 2:25pm
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Quoting Guest
I don't think that Wal-Mart sales are down just because of the economy.Most people can't and won't work there and I've found lots of empty shelves and the store environments being run-down and dirty.Not the best place or even an average place to shop.
You are correct, but it's not about honesty or facts. It's about trying to move the market artificially in a direction that benefits those writing the articles.
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sidhujag
Oct 15, 2014 2:18pm
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HEHEHE let the cookie crumble
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irongoose
Oct 15, 2014 2:17pm
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At least those figures aren't negative.
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Trader#53EC
Oct 15, 2014 2:21pm
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I don't think that Wal-Mart sales are down just because of the economy.Most people can't and won't work there and I've found lots of empty shelves and the store environments being run-down and dirty.Not the best place or even an average place to shop.
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