This Article is About
walmart
foot traffic
s sales
lowes
home depot
gas prices
wal mart
Walmart’s Lagging Domestic Sales Worry Some: Overseas Sales Are Strong
Join 1000's of Authors at StreetArticles Today!

Big box retailers, including Wal Mart, Home Depot and Lowes, are seeing fairly dismal domestic sales, while overseas sales are not only remaining strong but in fact, increasing. Wal Mart officials revealed recently that foot traffic in US stores is greatly decreased but that people are actually spending more per trip when they do come in. Wal Mart saw nearly $3.5 billion in profits last year but the bulk of that was from overseas sales which are up over eleven percent.

Domestic sales for the Arkansas based super retailer has been decreasing for nearly eight years now and it has been nearly two years since those sales have been the source of any growth for the company. Wal Mart has long had a history of strong sales, even in areas that have hotly protested its presence, however, recent economic changes and events have changed the fate for the giant.

Unemployment in the United States is hovering around 9% while at the same time prices for gas and nearly all food items are rising quickly. Gas prices are hovering at or slightly above $4 a gallon which is affecting all sectors of food production and distribution. In addition to the high gas prices, experts are warning that a continued drought in the western states could start affecting the price of beef and dairy in the coming months.

Wal Mart is not the only big box retailer that is seeing depressing declines in domestic sales with home improvement giants, Home Depot and its closest competitor, Lowes, are also registering lower sales in addition to decreased foot traffic. Home Depot’s sales for the last quarter were down .2%, while Lowes was seeing a nearly 4 percent decrease in the number of visits to their stores. In addition to seeing fewer people in the stores, Lowes has reported that the projects that are being planned by customers are much smaller in relation to this time last year, with the average being around $500 or less per family. Spring and summer are the biggest sales seasons for these and similar types of retail outlets.

Other types of retail outlets are also feeling the economic pinch with Staples, Office Max and Office Depot all reporting less than stellar earnings in recent quarters. Staples, the largest of the three, announced that their plans to open more stores have been largely curtailed. Stock prices for that chain plummeted and both smaller lines are seeing similar results. Experts are pushing for consolidation with at least one of the stores being absorbed by the other. People are not buying their supplies at Staples, Office Max or Office Depot any longer, opting for online resources for their office supply needs.

Continued joblessness, increased prices, especially for food and gas, and rising debt per family are working to keep the stores from earning profits like they once did. Nearly thirty percent of homeowner’s are reportedly “under water”, in other words, they owe more on their home than it is actually worth.


Street Talk

No comments present
You May Also Like
Wal Mart Shoppers Kids Pepper Sprayed - Man Tazed At Walmart - How To Make It In America
Wal Mart shopper's kids pepper sprayed. Man tazed at Wal Mart. My god, what's with this store? What's with this black Friday thing, anyway? Since when do you need body armor to pick up a few trinkets for Christmas? How to make it in America. This question used to be…
By: Octavien in  News and Society  >  Pure Opinion   Nov 25, 2011  
0
  Likes: 0

Marvelous, Simply Marvelous!
For years now, every time I have been greeted “How are you?” or “How are you doing?” I have had one and only one reply: “Marvelous. Simply Marvelous.” This has become a signature of mine if you will. Whether it’s at Church, a night out or at the local Walmart…
By: James Voerg in  Self Improvement  >  Inspirational   Feb 27, 2013  
0
  Likes: 1

How To Get Paid To Shop Online: 4 Sites Reviewed
In today's economy everyone is out looking for ways to both save more money and make more money. So it's a great feeling when you can shop around and luck into a great deal. But, there's one thing that's even better than finding a great deal when shopping online .…
By: S. Giles1 in  Finance  >  Personal Finance   Nov 02, 2011  
0
  Likes: 0

Damn You Autocorrect
Since the world of the iPhones, Smart Phones, and Androids, texting has become a language of it's own and almost a necessity for society today. It used to be much harder to text than it is now. You used to have to hit the number that the letter was on,…
By: Ryan3 in  Arts and Entertainment  >  Humor   May 25, 2011  
1
  Likes: 2

Online Dating: Safety First
Protecting yourself and your family should be your number one priority in any situation. When you decide to enter the world of online dating, there's an endless possibility of anything happening. While it's fascinating to be apart of the virtual world of online dating, caution needs to be practiced at…
By: Felecia Townsend in  Relationships  >  Online Dating   Feb 06, 2012  
1
  Likes: 1

Interactive Dog Toys: Where To Get Them, Good Ways To Use Them
     In this article we will be answering questions such as; What Is an Interactive Dog Toy? Where can I find Interactive Dog Toys? Recommended Interactive Toys for beginner dogs and advanced dogs, Good uses for Interactive dog toys, Easy ways to fill them, and time saving tips! We hope…
By: AmyTK9 in  Pets  >  Dogs   Sep 20, 2011  
0
  Likes: 1

Put A Stop To Spam Text Messages Once And For All
For scammers, texting unsolicited messages is not only annoying it is illegal but companies and political campaigns can easily be reported for soliciting these unwanted text messages. North American wireless carriers have recently deployed a service to the public that not only collects information you supply regarding these unwanted soliciting…
By: Air Force Mike in  Communications  >  Mobile Cell Phone   Mar 23, 2012  
5
  Likes: 4

Carpets: From Installation to Disposal
Replacing a wall-to-wall carpet in your home is an exciting experience. Your home will get a new improved look, floors will be much cleaner and better looking that before. Surprisingly, this is big investment offers a bunch of other unsuspected benefits. For example, it's not all about good looks, because…
By: Ross Heyworth in  Home Improvement   Feb 22, 2013  
0
  Likes: 0

Find Feet For Your Food Trailer
Now that the presentation of your food trailer has been perfected, it’s time to show it off to the public. But where do you start? First and foremost, you need to park your truck somewhere that passersby will see it and stop to eat at it. Picking a location that…
By: Ramel Acedo in  Business  >  Marketing   Nov 22, 2012  
1
  Likes: 0

The IM Newbie's Sales Funnel Guide !
The Newbies Guide to Sales Funnels. For centuries sales funnels have been in use for everything you could ever imagine. They have been in front of your eyes, and part of your life since day one. You just might not know that they have been. Here is an eye opener…
By: DavidIMR in  Internet and Businesses Online  >  Internet Marketing   Jan 09, 2013  
0
  Likes: 1

Hiring Moving Company In Charlotte, NC for Your Next Move
Moving hаѕ become the еѕѕеntiаl part of vаriоuѕ fаmiliеѕ аnd соmраnу оwnеrѕ. People rеlосаtе ѕimрlу bесаuѕе thеу wish tо dо so оr ѕоmе move with аn оbligаtiоn to move. Pеорlе hаvе various rеаѕоnѕ to mоvе оr rеlосаtе. Finding opportunities, nоt comfortable with thе ѕurrоunding аnd many mоrе such reasons аrе…
By: Cory Frank in  Business  >  Customer Service   Jun 07, 2016  
0
  Likes: 0

Professionals Can Access Sage In the Cloud Software
Sage accounting software is product popular in the industry. The robust accounting software transforms businesses and helps them to operate the enterprises. Sage software has delivered business transformation for many companies helping them to manage their firm. Sage is an ERP product which is enterprise resource planning software solution which…
By: johabell in  Business  >  Accounting   Jun 07, 2016  
0
  Likes: 0

Vimtag HD Vt361 Wireless Monitoring Security System
Homeowners want to do everything possible in order to protect their homes. The Vimtag HD VT361 is a security camera that lets you stay home virtually even when you not actually home. Wi-Fi Connectivity This Vimtag security camera has a 100% Wi-Fi connectivity. With the use of this camera, you…
By: Aiden Daniel in  Business  >  Small Business   Jun 07, 2016  
0
  Likes: 0

The Right Office Design Will Help Generate More Revenue
Any business owner understands just how important it is to keep their employees happy and comfortable. When morale is high among employees, they tend to be more productive and work more efficiently. One of the best ways in order to make sure that your employees are happy is to give…
By: Edmund Brunetti in  Business   Jun 07, 2016  
0
  Likes: 0

Ralph Arza: Educator and Businessman
Ralph Arza, Educator Extraordinaire! Rafael “Ralph” Arza is fueled by a passion for training and inspiring others. His father served as an inspiration, exhibiting an admirable tenacity and courage when he brought his family to the United States from Cuba after Fidel Castro seized power. This example made Ralph realize…
By: Kim Valerio in  Business   Jun 07, 2016  
0
  Likes: 0

Article Views: 1465    Report this Article