Thursday, October 22, 2009

Wal-Mart and eBay Agree: This Christmas Will Stink

http://finance.yahoo.com/techticker/article/359123/Wal-Mart-and-eBay-Agree:-This-Christmas-Will-Stink

Oh it'll be OK Goldman Sachs gets their bonus


From The Business Insider, Oct. 22, 2009:
We're not seeing good noise on the Christmas front lately.

A gloomier than expected outlook hit Walmart (WMT) hard yesterday afternoon while eBay is currently down after reporting.

Bloomberg: Walmart plans to reduce prices as the season advances in areas including home, food and gifts, Fleming told analysts today at a conference in Rogers, Arkansas.

Consumers’ wallets "are challenged," Fleming said. The holiday season "is going to be tough, it is going to be late."