Leaked Walmart Emails: World’s largest retailer in trouble due to weak salesBy Alex Jusi Madlangbayan on Feb 19, 2013 in Business, United States, World •
The leaked Walmart emails may bring more troubles for the US retail giant, according to several business analysts on Monday, February 18, 2013. Walmart stock price already went down 2 percent on Friday when it closed at $69.30 due to the reported leaked emails.
Bloomberg News reported on Saturday, February 16, that they got hold of internal emails by Walmart executives discussing problems on the increasing payroll taxes and a delay in tax returns. The leaked emails by Walmart vice president of finance and logistics, Jerry Murray also revealed the retail giant’s poor sales.
Murray was quoted on his February 12 email to other Walmart executives, in which he wrote,
In case you haven’t seen a sales report these days, February MTD sales are a total disaster. The worst start to a month I have seen in my ~7 years with the company.
In his email, vice president of finance and logistics was reportedly referring to the company’s month-to-date sales.
Analysts say that Walmart‘s fourth quarter earnings may bring interest to the public. They expect Walmart to release the report on Thursday, February 21.
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