Low wages aren't working
This Wal-Mart low-prices, low-wages thing isn't working out so well - even for Wal-Mart.
The company released its quarterly numbers last week, and they weren't pretty. Same-store sales declined by 0.3 percent, and the company lowered its earnings-per-share forecast. Bad news wasn't limited to Wal-Mart. At the low end of the retail consumer market, Kohl's reported similarly bad news; Macy's, a little higher up the food chain, lowered its earnings forecast as well.