Wednesday, July 30, 2014

The Sudden Departure Of Wal-mart's U.S. C.E.O. Is A Troubling Sign For The Economy

The Sudden Departure Of Wal-mart's U.S. C.E.O. Is A Troubling Sign For The Economy

Simon's sudden departure comes at a "very, very odd time," and speaks to larger trends in the economy, said Brian Sozzi, chief equities strategist at Belus Capital Advisors.
Earlier this month, Simon told Reuters that the U.S. job rebound wasn't translating to better sales at Wal-Mart.
"It's really hard to see in our business today that it's gotten any better," Simon told Reuters.
"We’ve reached a point where it’s not getting any better but it’s not getting any worse – at least for the middle (class) and down," Simon said.
http://www.businessinsider.com/bill-simon-out-at-wal-mart-20...

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