Krystina Gustafson has a new take on Walmart’s woes in the U.S. where stores posted their fifth straight quarter of dropping sales:
At the center of the discounter’s domestic woes is its appeal among shoppers who are facing stagnant wage growth and simply can’t afford to spend on discretionary items—or in some cases, food. They’re lowering prices and they’re still not getting the traffic.
Those that live by the price, die by the price. Walmart stores often look like Sears and Kmart inside. Examples of all that’s wrong with the Walmart experience can be found in People of Walmart.