In February, emails circulating among Wal-Mart executives leaked to the press. The emails described February sales figures as a "total disaster," and the executives placed the blame on the payroll tax cut expiry that went into effect on January 1. Everyone was worried about how increased taxes and rising gas prices were hitting the consumer, so the emails came at just the right time to stoke fears over a consumer slowdown even more.

BING NEWS:
  • Consumer Cos Decline as Traders Brace for Spending Slowdown
    Consumer companies fell sharply as traders braced for a slowdown in consumer spending.
    01/2/2025 - 9:04 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News