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Bloomberg’s Matthew Boyle suggests in a new story that the Walmart turnaround isn’t exactly going as planned:

“Wal-Mart Stores Inc. may fail to turn its sales around by the holiday season as executives have forecast since the discount retailer has yet to lure customers back to stores, according to Cleveland Research Co.

“Wal-Mart aimed to revive sales at U.S. stores open at least a year by returning items to shelves and revamping promotional displays. Those moves haven’t worked yet because of poor in-store execution and a lack of advertising to explain changes to customers, Cleveland’s Jeff Stinson said in a report today.

“‘Sales have drifted south again over the last couple months, and the outlook for the fourth quarter is now more questionable,’ said the analyst, who is based in Cleveland. ‘We are less optimistic that the business will inflect favorably in time for the holidays’.”

Walmart’s annual investor meeting is scheduled to take place today in Bentonville, Arkansas.
KC's View:
Today is a big day for the Bentonville Behemoth. Let’s see if its focus is more on Main Street or Wall Street.