"THE REASON: Analysts say the cuts are Wal-Mart's way of responding to toughened competition. The company's fourth-quarter report showed store traffic dropped."
The reason is we are in a Depression, people don't have jobs, are afraid of losing their jobs, and have experienced wage stagnation for decades ... in short, Americans are finding themselves tapped out and don't have the resources to blow in WalMart's Emporium of Chinese Made Kitsch they once had.
Read the Article at HuffingtonPost
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