Walmart emails leaked Stock drops - Walmart Stock
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Walmart emails leaked Stock drops -
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Some leaked Walmart emails show that the giant retailer is struggling with sales in early 2013, in what apparently some chain executives feel is a “total disaster.” While many are breaking down the potential reasons for the lower sales reports, others are wondering how the usually controlled chain let the emails leak. The Inquisitr shared the details on Feb. 18.
The Walmart leaked emails indicate that February sales have been termed a disaster by some executives and it was the worst month the email sender had seen in his seven years with the company. Other details that were leaked indicate there is a significant amount of apprehension within the chain's executives regarding how the year is beginning. There is a lot of blame for the lower sales being placed on the expiration of payroll tax cuts, but others believe the problem is more than a customer issue.
Walmart shares closed down in the stock market Friday, as it seems the Walmart leaked emails have shaken the confidence of investors. A spokesperson addressed the emails, indicating that they were taken out of context and represented individual opinions more than an overall company position.
Many will be interested to see the fourth-quarter earnings report from the retail giant, which will be released on Feb. 21. In the meantime, people are certainly buzzing about the Walmart leaked emails and it is clear many within the company are not pleased they became public.
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