Walmart's Announcement

[meme6253]

Walmart announced yesterday that they expect very slow sales for 2025, That sent the stock market into a panic & we should all take that with Great Concern, If the country's #1 retailer is predicting that we could be looking at some very dire times, I mentioned this type of thing happening way before the elections took place & i was told on this board that i was over-reacting & some even mocked & ridiculed, (you know how this board can be), Well now i can say I told you so!

[lux.ra_14]

My local Walmart is about 30 minutes from the Canadian border. It's usually packed with Canadians. On my last couple of visits, there were almost no Canadians. I guess elections really do have consequences.

[chevymontecarlo88]

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@lux.ra_14 wrote:

My local Walmart is about 30 minutes from the Canadian border. It's usually packed with Canadians. On my last couple of visits, there were almost no Canadians. I guess elections really do have consequences.

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Great point! Yes, the Canadian elections have brought much pain in their country. This is why so many (Canadians) rely on the US in so many ways. It is sad that many of their leaders have quit/resigned. 

That is a great example of why Canadians need to be self-sufficient. Relying on "Rollback Prices" is not a way to build their own local economy. 

[lux.ra_14]

Sarcasm noted, but there are fewer Canadians because of the ill will generated by the tariff threats and loose talk of annexing Canada.

My part of NY usually has a heavy influx of Canadian shoppers and travelers, particularly in the summer. The local economy will definitely be hurt in a substantial way if Canadians continue to stay home in large numbers. As @chevymontecarlo88 said, I guess American businesses will need to be self-sufficient without Canadian help.

Even 10 percent fewer Canadians would take a big toll. But, hey, it's only money:

https://www.forbes.com/sites/suzannerowankelleher/2025/02/03/canadian-travel-boycott-of-usa-2-billio...

[chevymontecarlo88]

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@lux.ra_14 wrote:

Sarcasm noted, but there are fewer Canadians because of the ill will generated by the tariff threats and loose talk of annexing Canada.

My part of NY usually has a heavy influx of Canadian shoppers and travelers, particularly in the summer. The local economy will definitely be hurt in a substantial way if Canadians continue to stay home in large numbers. As @chevymontecarlo88 said, I guess American businesses will need to be self-sufficient without Canadian help.

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Exactly. Everyone should take this as a lesson in preparedness. 

I hope your local Walmart finds a way to survive. Kudos to you for thinking of them. 

[lux.ra_14]

Added sarcasm also noted, along with the false premise that Americans and Canadians don't need each other.

[herway]

Walmart is in a MONOPOLY position. This is what happens when one business takes market dominance over others. There used to be several large “bargain” stores, but not now, Walmart operates with no competition. The statement Walmart made could very well be an effort to fight the present administration and raise prices with impunity, using this as a weapon. Don’t shoot the messenger, hate the game.

[chapeau-noir]

Though with this administration it was never about the price of eggs. With the right grease, Wally World can do what they want. Time will tell. And yes, I definitely hate the game.

[short_circuit.lineman61]

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@meme6253 wrote:

Walmart announced yesterday that they expect very slow sales for 2025, That sent the stock market into a panic & we should all take that with Great Concern, If the country's #1 retailer is predicting that we could be looking at some very dire times, I mentioned this type of thing happening way before the elections took place & i was told on this board that i was over-reacting & some even mocked & ridiculed, (you know how this board can be), Well now i can say I told you so!

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I can honestly say that I really enjoy reading the daily developments and the resulting reactions, very entertaining.

[fern*wood]

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@short_circuit.lineman61 wrote:

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I can honestly say I enjoy reading the daily developments and the resulting reactions, very entertaining.

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Yes, it might be fun to read about until it affects you directly.  Every day is an adventure.

[sextons-sweet-deals]

That is an odd statement: I prefer not to mention what they sell and who probably shops there.

You know what Walmart is and sells, and you know that your also doing racial / income profiling. Pretty sad!

I'm guessing you shop at Albertsons where they have a piano player as you shop. 

[chapeau-noir]

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@sextons-sweet-deals wrote:

That is an odd statement: I prefer not to mention what they sell and who probably shops there.

You know what Walmart is and sells, and you know that your also doing racial / income profiling. Pretty sad!

I'm guessing you shop at Albertsons where they have a piano player as you shop. 

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They do??  Ours plays soft rock and barely has decent beer.  😒

[mam98031]

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@meme6253 wrote:

Most likely tariffs are a major factor for walmart

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It says it is in the TITLE of the article.  So yes it is tariff related.

[mam98031]

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@herway wrote:

Walmart is in a MONOPOLY position. This is what happens when one business takes market dominance over others. There used to be several large “bargain” stores, but not now, Walmart operates with no competition. The statement Walmart made could very well be an effort to fight the present administration and raise prices with impunity, using this as a weapon. Don’t shoot the messenger, hate the game.

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@herway 

I think you are likely correct for some areas of the US.  Smaller more rural areas that don't give you many choices for shopping.  However in larger more populated areas there are options.  So I think it is driven by where you live.

[bonjourami]

"Walmarts here in the far suburbs, but none in any metro area"

Here too, and I hope I dont get beat up, I love Walmart. I cant drive anymore, so I am in their free delivery program for $12 a month.Its not only free delivery, its same day delivery which I love! Not only for my 'scripts, but every household or emergency item, or grocery item I need quickly..its been a godsend for me.

[cardxcraft]

I notice that many of us find common ground regarding Walmart and on whether or not they face hardship.  

Let's say a large corporation has built a manufacturing plant in an agrarian a community, say somewhere in Vietnam.  They get the agrarian community to become dependent on their large manufacturing plant.  After X amoumt of years, the employrees now would like a little raise.  The first hint of increading wages and the corp. moves on to another community.  Now, the agrarian infrastructure, farming equipment, dealers, brokers, middlemen, etc. no longer exist.  The last 10-20 years, the once thriving farming community is now forced to fall back on a system they lost touch with in one generation. 

If Walmart were to falter or die, we would face initial hardship, but quickly recover; and in the end, be better off because of it.  Full disclosure: I'm a proponent of community based economies.