Walmart Vice President Jerry Murray sent an internal email, Feb. 12, that some nasty person made public
“In case you haven’t seen a sales report these days, February (month-to-date) sales are a total disaster,” wrote Murray. “The worst start to a month I have seen in my (about) 7 years with the company.”
It appears that the recent hike in payroll taxes is dragging down sales for discount retailers like Wal-Mart as lower-income shoppers have less to spend.