Wal-Mart Nails The “Consumer Recovery” Coffin Shut

Welcome to the new normal recovery… if ever there was a headline that summed up the idiocy of the mal-invested distorted new normal, Wal-Mart just managed it:

  • *WAL-MART CUTTING ORDERS AS UNSOLD MERCHANDISE PILES UP IN U.S.

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Politiwars (@politiwars)

Too many other choices out there. Retail is about 40% overbuilt in the U.S. as it is. The pie is getting split into so many pieces that very few retailers are coming out unscathed. Look at JC Penney, Sears, KMart, GAP, Abercrombie, Best Buy, and dozens of others at all ends of the spectrum. There are TOO MANY stores.

Harpo Marx
Harpo Marx
8 years ago

With true unemployment running near 25% there aren’t enough jobs in the manufacturing sector to support those stores. Manufacturing makes stuff to sell and when the manufacturing jobs go away so does the ability of the nation to support itself. We are where the UK was at 30 years ago with declining manufacturing. Going to get much worse before it gets any better. The US once sold goods to the world. Sad.