Walmart Slump Means Good News for Shoppers.

[cjqueen]

Walmart's Slump Means Big Savings for Holiday Shoppers

By REBECCA JARVIS EMILY KNAPP

 

What is bad news for Walmart investors may be good news for Walmart shoppers this Christmas. The giant retailer's disappointing sales outlook may actually contribute to deeper holiday discounts.

 

Walmart announced on Wednesday that its sales outlook for 2017 is lower than expected, causing shares to tumble in a brutal selloff. That caused a domino effect across Wall Street, taking many other major retailers with it. In the company’s worst day of trading in 27 years, Walmart’s value fell by $21 billion in a matter of hours.

 

 

Walmart and other brick-and-mortar retailers have been struggling to increase sales in the face of heightened competition, both from each other and from online retail giant Amazon, which has a reputation for undercutting its competitors’ pricing.

 

So, in an effort to remain competitive and lure in customers, retailers such as Walmart will likely be slashing prices, quite possibly earlier in the season than before.

 

“I think we’re going to see pretty aggressive discounts -- 30 to 40 percent off is going to be standard fare,” said Joe Feldman, senior managing director of Telsey Advisory Group. “As we get closer to the holiday and certainly after Christmas, there will be 40 to 50 percent off.”

 

Walmart is already offering everything from layaway to price-matching, and friends and family discounts.

 

Walmart's struggles on Wall Street come one week after news emerged that the retailer was cutting 450 jobs at its headquarters in Arkansas.

 

http://abcnews.go.com/Business/walmarts-massive-selloff-means-holiday-shopping/story?id=34486513

Edited October 16, 2015 by cjqueen

[delphernina]

They can start slashing prices any day now.  I could use some deals. 

[Elmck]

I walked through the toy section tonight, and I saw nothing that impressed me. You would think with 9 grandchildren and number 10 due in January, I would see something... but their prices and selection were just so so

[Dylansmommy]

I walked through the toy section tonight, and I saw nothing that impressed me. You would think with 9 grandchildren and number 10 due in January, I would see something... but their prices and selection were just so so

Walmart has a terrible toy selection...at least the Walmarts around me.  Congrats on grandbaby #10! 

[jaymacfla]

I remember the Zorro campaign where MR. Smilie would go around and slash the price.