Walmart Execs are (rightly) blaming Obama's stiff middle class tax hikes for the impact on their sales
(Reuters) - Shares of Wal-Mart Stores Inc (WMT) fell 3 percent on Friday after Bloomberg quoted a mid-level executive's email as saying the world's largest retailer had the worst sales start to any month in seven years in February.
Wal-Mart executives blamed the poor sales performance on increased payroll taxes as well as delayed tax returns, Bloomberg said.
The high end retail stores in my area are packed and doing very well. I believe nordstrom reports on the 21st, lets see what their sales are. I think they are expected to have a huge increase in sales.