Wednesday, April 10, 2013
Wal-Mart's Sales Problem—And America's - WSJ.com
Of course, I could equally surmise they are incompetent.
Either way, citizens and companies suffer as a result...
In the Wall Street Journal, Rich Karlgaard calls attention to some of those consequences:
"One was the expiration of the payroll-tax cut on Jan. 1. With the tick of a clock, the take-home pay of the average American family dropped by $80 per month. The second bad call for Wal-Mart was the IRS delaying the start of its tax refunds to Jan. 31 from Jan. 17. According to economists at UBS, UBSN.VX -0.13% pre-Super Bowl tax refunds dropped $20 billion from 2012 to 2013. In past years, Wal-Mart could rely on big sales of flat-panel TVs and party accessories during the week before the Super Bowl. This year, not so much."
