Leaked Walmart Emails From Executives May Cause Concern

Walmart seems to be in a financial disaster, if we based our viewpoint from the leaked Walmart emails published by Bloomberg News. The published internal emails suggested a heightened level of internal concern over February sales.

“In case you haven’t seen a sales report these days, February [month-to-date] sales are a total disaster,” Wal-Mart’s vice president of finance and logistics wrote at the beginning of this week. He went on to term it the “worst start to a month I have seen in my seven years with the company.”

Another email from another executive Cameron Geiger, the senior vice president of Wal-Mart U.S. Replenishment, said, “Have you ever had one of those weeks where your best- prepared plans weren’t good enough to accomplish everything you set out to do?” Geiger asked in a Feb. 1 e-mail to executives. “Well, we just had one of those weeks here at Walmart U.S. Where are all the customers? And where’s their money?”

Will these emails cause for concern among current Wal-Mart shareholders?

Wal-Mart fell 2.2 percent to $69.30 yesterday at the close in New York for the biggest decline since Dec. 12.