Wal-Mart, Home Depot See Earnings Hurt by Economy (Update2)

[Crazy Guggenheim]

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Aug. 14 (Bloomberg) -- Wal-Mart Stores Inc. and Home Depot Inc., the two largest U.S. retailers, said the housing slump, rising mortgage defaults and high energy prices will depress earnings for the year.
``U.S. consumers continue to be under difficult pressure economically,'' Wal-Mart Chief Executive Officer H. Lee Scott said on a recorded call today. ``It is no secret that many customers are running out of money toward the end of the month.''

[Tadpole of HypnoToad]

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Weird. I wonder what the non-managerial employees of Wal-Mart would have to say...

[teech]

good I hate both of those repuke stores

[Nanette]

I won't do business with either one of them. Never have and never will.