Jim wrote:
And the source of your quotes and information is?,,,,



"Harry Krause" wrote in message
...
Jim wrote:

Isn't it funny how the libs all of a sudden grow silent when positive economic news
like this is reported (during GWB's Presidency)?

What a coincidence!


Perhaps a taste of reality is in order here, eh?

Wal-Mart's second-quarter net income increased to $2.44 billion, or 56
cents a share, compared with $2.02 billion, or 45 cents a share, a year
earlier. That result included four cents in earnings from discontinued
operations, with a gain from the sale of its McLane grocery-wholesaling
unit.

Net income from continuing operations rose 15% to $2.3 billion, or 52
cents a share, from $2.0 billion, or 45 cents a share, the company said.
The result was in line with estimates given last week when Wal-Mart
reported July sales.

Sales increased 11% to $62.6 billion, while same-store sales increased 3.2%.

"Consumer spending remained sluggish for most of the second quarter, and
Wal- Mart struggled to rid itself of bloated inventories, which had
grown faster than sales during the previous quarter. Heavy markdowns
pressured profits, and inventory at the close of the quarter was up 9%
from year-ago levels - slightly less than sales, but greater than the
company's longer-term goal for inventory to grow at less than half the
rate of sales. Comparable-store inventories increased by a
low-single-digit percentage, Wal-Mart said.

"Despite the markdowns, Wal-Mart managed to shore up profits, CEO Scott
said. The company reduced its rate of "shrinkage," or losses from stolen
and damaged goods, and continued to reap new benefits from increased
buying from cheaper manufacturers overseas.

"In addition, food margins improved even as domestic comparable-food
sales increased 7% to 9%. The company noted that sales of fresh food,
particularly at its Sam's Club unit, have grown swiftly. Fresh food
carries a higher-than- average margin at the company, noted Bill Dreher,
an analyst at Deutsche Bank Securities Inc. in New York."


Not that rosy a picture.










John
On the 'Poco Loco' out of Deale, MD




The New York Stock Exchange news story based upon statements from
Wal-Mart management and those who analyze Wal-Mart stock.

--
* * *
email sent to will *never* get to me.

"Harry Krause" wrote in message
...
Jim wrote:
And the source of your quotes and information is?,,,,



"Harry Krause" wrote in message
...
Jim wrote:

Isn't it funny how the libs all of a sudden grow silent when positive economic
news
like this is reported (during GWB's Presidency)?

What a coincidence!


Perhaps a taste of reality is in order here, eh?

Wal-Mart's second-quarter net income increased to $2.44 billion, or 56
cents a share, compared with $2.02 billion, or 45 cents a share, a year
earlier. That result included four cents in earnings from discontinued
operations, with a gain from the sale of its McLane grocery-wholesaling
unit.

Net income from continuing operations rose 15% to $2.3 billion, or 52
cents a share, from $2.0 billion, or 45 cents a share, the company said.
The result was in line with estimates given last week when Wal-Mart
reported July sales.

Sales increased 11% to $62.6 billion, while same-store sales increased 3.2%.

"Consumer spending remained sluggish for most of the second quarter, and
Wal- Mart struggled to rid itself of bloated inventories, which had
grown faster than sales during the previous quarter. Heavy markdowns
pressured profits, and inventory at the close of the quarter was up 9%
from year-ago levels - slightly less than sales, but greater than the
company's longer-term goal for inventory to grow at less than half the
rate of sales. Comparable-store inventories increased by a
low-single-digit percentage, Wal-Mart said.

"Despite the markdowns, Wal-Mart managed to shore up profits, CEO Scott
said. The company reduced its rate of "shrinkage," or losses from stolen
and damaged goods, and continued to reap new benefits from increased
buying from cheaper manufacturers overseas.

"In addition, food margins improved even as domestic comparable-food
sales increased 7% to 9%. The company noted that sales of fresh food,
particularly at its Sam's Club unit, have grown swiftly. Fresh food
carries a higher-than- average margin at the company, noted Bill Dreher,
an analyst at Deutsche Bank Securities Inc. in New York."


Not that rosy a picture.










John
On the 'Poco Loco' out of Deale, MD




The New York Stock Exchange news story based upon statements from
Wal-Mart management and those who analyze Wal-Mart stock.

--
* * *
email sent to will *never* get to me.


Post a link. Otherwise you, as usual, are full of it.

One retail theory is that when the economy is lousy, EVERYONE shops downward
one level. So, even if you prefer Lands' End t-shirts, you may settle for
Fruit of the Loom, or whatever WM sells.

It's the Puritan Work Ethic/ Depression mentality of our ancestors at work.
Most Americans feel compelled to seek out the lowest price. Buying from a more
socially responsible company that treats its employees fairly and isn't
contributing to the great suburban homogenization of America sounds like a
great idea......that somebody else should look into. We're all too busy saving
$15 on a color TV to give a
dang, personally.

On 14 Aug 2003 14:37:58 GMT, (Gould 0738) wrote:

One retail theory is that when the economy is lousy, EVERYONE shops downward
one level. So, even if you prefer Lands' End t-shirts, you may settle for
Fruit of the Loom, or whatever WM sells.

It's the Puritan Work Ethic/ Depression mentality of our ancestors at work.
Most Americans feel compelled to seek out the lowest price. Buying from a more
socially responsible company that treats its employees fairly and isn't
contributing to the great suburban homogenization of America sounds like a
great idea......that somebody else should look into. We're all too busy saving
$15 on a color TV to give a
dang, personally.

Are y'all trying to tell me that the 'rich' are taking all their tax savings and
shopping at Wal-Mart? Is this really what you're trying to get us dumb neo-cons
to believe?

John
On the 'Poco Loco' out of Deale, MD

"JohnH" wrote in message
...
On 14 Aug 2003 14:37:58 GMT, (Gould 0738) wrote:

One retail theory is that when the economy is lousy, EVERYONE shops
downward
one level. So, even if you prefer Lands' End t-shirts, you may settle
for
Fruit of the Loom, or whatever WM sells.

It's the Puritan Work Ethic/ Depression mentality of our ancestors at
work.
Most Americans feel compelled to seek out the lowest price. Buying from a
more
socially responsible company that treats its employees fairly and isn't
contributing to the great suburban homogenization of America sounds like
a
great idea......that somebody else should look into. We're all too busy
saving
$15 on a color TV to give a
dang, personally.

Are y'all trying to tell me that the 'rich' are taking all their tax
savings and
shopping at Wal-Mart? Is this really what you're trying to get us dumb
neo-cons
to believe?

Then who's spending their money at Tiffany & Co.?

From yesterday's NY Times (of course we know they *lie* about everything,
however):

"Tiffany & Co., helped by an improving economy in the United States and
abroad, reported that profits increased 26 percent."

"JohnH" wrote in message
...
On 14 Aug 2003 14:37:58 GMT, (Gould 0738) wrote:

One retail theory is that when the economy is lousy, EVERYONE shops downward
one level. So, even if you prefer Lands' End t-shirts, you may settle for
Fruit of the Loom, or whatever WM sells.

It's the Puritan Work Ethic/ Depression mentality of our ancestors at work.
Most Americans feel compelled to seek out the lowest price. Buying from a more
socially responsible company that treats its employees fairly and isn't
contributing to the great suburban homogenization of America sounds like a
great idea......that somebody else should look into. We're all too busy saving
$15 on a color TV to give a
dang, personally.

Are y'all trying to tell me that the 'rich' are taking all their tax savings and
shopping at Wal-Mart? Is this really what you're trying to get us dumb neo-cons
to believe?

John
On the 'Poco Loco' out of Deale, MD

Old Chuck is just mad because the economy is showing signs of improvement, certainly
not what the libs want to see as the Presidential race is starting to heat up.

Being a proclaimed lib Old Chuck is also pro union and dreads good news coming from a
non union organization, especially one that has driven many union grocery stores under.

So Old Chuck will grasp at straws in trying to spin this positive story into a
negative.

On Thu, 14 Aug 2003 17:45:54 GMT, "Jim" wrote:


"JohnH" wrote in message
.. .
On 14 Aug 2003 14:37:58 GMT, (Gould 0738) wrote:

One retail theory is that when the economy is lousy, EVERYONE shops downward
one level. So, even if you prefer Lands' End t-shirts, you may settle for
Fruit of the Loom, or whatever WM sells.

It's the Puritan Work Ethic/ Depression mentality of our ancestors at work.
Most Americans feel compelled to seek out the lowest price. Buying from a more
socially responsible company that treats its employees fairly and isn't
contributing to the great suburban homogenization of America sounds like a
great idea......that somebody else should look into. We're all too busy saving
$15 on a color TV to give a
dang, personally.

Are y'all trying to tell me that the 'rich' are taking all their tax savings and
shopping at Wal-Mart? Is this really what you're trying to get us dumb neo-cons
to believe?

John
On the 'Poco Loco' out of Deale, MD

Old Chuck is just mad because the economy is showing signs of improvement, certainly
not what the libs want to see as the Presidential race is starting to heat up.

Being a proclaimed lib Old Chuck is also pro union and dreads good news coming from a
non union organization, especially one that has driven many union grocery stores under.

So Old Chuck will grasp at straws in trying to spin this positive story into a
negative.

Yeah. I sure wish Old Chuck, jps, Harry, etc would give me some advice on my
manifold and riser questions. Then I'd go spend some of my tax rebate money on
same.

John
On the 'Poco Loco' out of Deale, MD

Are y'all trying to tell me that the 'rich' are taking all their tax savings
and
shopping at Wal-Mart? Is this really what you're trying to get us dumb
neo-cons
to believe?


Where did you come up with that??

Pretty weird, John.

What I am trying to tell you, exactly, is in the body of what I wrote. To wit:

It's the Puritan Work Ethic/ Depression mentality of our ancestors at work.
Most Americans feel compelled to seek out the lowest price. Buying from a
more
socially responsible company that treats its employees fairly and isn't
contributing to the great suburban homogenization of America sounds like a
great idea......that somebody else should look into. We're all too busy
saving
$15 on a color TV to give a
dang, personally.

Are y'all trying to tell me that the 'rich' are taking all their tax savings
and
shopping at Wal-Mart? Is this really what you're trying to get us dumb
neo-cons
to believe?

John
On the 'Poco Loco' out of Deale, MD

On 14 Aug 2003 20:37:04 GMT, (Gould 0738) wrote:

Are y'all trying to tell me that the 'rich' are taking all their tax savings
and
shopping at Wal-Mart? Is this really what you're trying to get us dumb
neo-cons
to believe?


Where did you come up with that??

Pretty weird, John.

What I am trying to tell you, exactly, is in the body of what I wrote. To wit:

It's the Puritan Work Ethic/ Depression mentality of our ancestors at work.
Most Americans feel compelled to seek out the lowest price. Buying from a
more
socially responsible company that treats its employees fairly and isn't
contributing to the great suburban homogenization of America sounds like a
great idea......that somebody else should look into. We're all too busy
saving
$15 on a color TV to give a
dang, personally.

Are y'all trying to tell me that the 'rich' are taking all their tax savings
and
shopping at Wal-Mart? Is this really what you're trying to get us dumb
neo-cons
to believe?

John
On the 'Poco Loco' out of Deale, MD



You left out this part: "One retail theory is that when the economy is lousy,
EVERYONE shops downward one level. So, even if you prefer Lands' End t-shirts,
you may settle for Fruit of the Loom, or whatever WM sells."

Economists are saying that the tax cuts are having a positive effect on consumer
spending. Wal-Mart is enjoying some of those fruits. The Libs (including you, I
believe) have been criticizing the tax cut as being 'only for the rich'. Thus my
question. Is it only the rich who are doing the spending at Wal-Mart? I was in a
Wal-Mart just last week. It's still the worst, except for K-Mart, place to shop
for anything. It is, however, much closer and more convenient than the other
shopping areas. Also, the parking spaces are nice and big.

If I were one of the 'rich' who were the 'sole beneficiaries of the tax cut',
there is no way I would set foot in a Wal-Mart for anything.

Most respectfully,

John
On the 'Poco Loco' out of Deale, MD

Jim wrote:
"Harry Krause" wrote in message
...
Jim wrote:
And the source of your quotes and information is?,,,,



"Harry Krause" wrote in message
...
Jim wrote:

Isn't it funny how the libs all of a sudden grow silent when positive economic
news
like this is reported (during GWB's Presidency)?

What a coincidence!


Perhaps a taste of reality is in order here, eh?

Wal-Mart's second-quarter net income increased to $2.44 billion, or 56
cents a share, compared with $2.02 billion, or 45 cents a share, a year
earlier. That result included four cents in earnings from discontinued
operations, with a gain from the sale of its McLane grocery-wholesaling
unit.

Net income from continuing operations rose 15% to $2.3 billion, or 52
cents a share, from $2.0 billion, or 45 cents a share, the company said.
The result was in line with estimates given last week when Wal-Mart
reported July sales.

Sales increased 11% to $62.6 billion, while same-store sales increased 3.2%.

"Consumer spending remained sluggish for most of the second quarter, and
Wal- Mart struggled to rid itself of bloated inventories, which had
grown faster than sales during the previous quarter. Heavy markdowns
pressured profits, and inventory at the close of the quarter was up 9%
from year-ago levels - slightly less than sales, but greater than the
company's longer-term goal for inventory to grow at less than half the
rate of sales. Comparable-store inventories increased by a
low-single-digit percentage, Wal-Mart said.

"Despite the markdowns, Wal-Mart managed to shore up profits, CEO Scott
said. The company reduced its rate of "shrinkage," or losses from stolen
and damaged goods, and continued to reap new benefits from increased
buying from cheaper manufacturers overseas.

"In addition, food margins improved even as domestic comparable-food
sales increased 7% to 9%. The company noted that sales of fresh food,
particularly at its Sam's Club unit, have grown swiftly. Fresh food
carries a higher-than- average margin at the company, noted Bill Dreher,
an analyst at Deutsche Bank Securities Inc. in New York."


Not that rosy a picture.










John
On the 'Poco Loco' out of Deale, MD




The New York Stock Exchange news story based upon statements from
Wal-Mart management and those who analyze Wal-Mart stock.

--
* * *
email sent to will *never* get to me.


Post a link. Otherwise you, as usual, are full of it.


Are you too lazy or too stupid to find the NYSE home page and check out
Wal-Mart?

Typical brain-dead Konservatrash..."if it doesn't have a URL, it doesn't
exist."



--
* * *
email sent to will *never* get to me.