Wal-Mart Shares Plunge 10 Percent; Retail Price Wars On the Way? Capital Investment Financial Engineering

(Before It's News)

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

Wal-Mart Shares plunged 10% Wednesday on profit warnings, the biggest one day decline in 25 years. The company blamed higher wages, e-commerce competition, and lower prices.

Wal-Mart Chief Executive Doug McMillon said a $1.5 billion investment in wages and training, including raising the minimum store wage to $10 an hour from $9, were needed to improve customer service and would account for three-quarters of the expected 6 percent to 12 percent drop in earnings per share next year.

Wal-Mart also announced a $20 billion share buyback but the drop in its share price wiped out close to the same amount in market value, and the 10 percent drop was the worst one-day percentage performance since January 1988.

Continue Reading at GlobalEconomicAnalysis.Blogspot.com…

• Truth Movement Fail, Closed Minds, 2nd Amendment, Fascism Here and Now
• China Taking Unusual Interest in Mid East. James Corbett – October 14, 2015
• Sanders and His Followers Are Not Outliers
• Gold Flashes Buy Signal on Technical Breakout
• Get Ready for ‘Panic’ Signals from the Fed
• Serbia cuts rate 50 bps, sees lower risk to capital flows
• Dow Jones Industrial Average Up 77 Points on Data, Bank Earnings
• 10/06/15 Review of Yen
• These Might Be The Most Bewildering 8 Seconds Of The Entire Dem Debate
• Billionaire Singer Says Gold Is “Under Owned” and “Only Real Money”