Customers outside a Walmart store in Torrance, California, U.S., Sunday, May 15, 2022. Walmart Inc. is expected to release earnings numbers on May 17.
Bing Guan | Bloomberg | Getty Images
club outfit walmart (WMT) is screwing up the clothes again, announcing a big profit warning after the closing bell on Monday. I have to ask if Walmart has it under control? Long a trusted name, is it time to ditch these guys? Who is the real culprit? Spending too much money on food and gas? Or is it economical because American Express (AXP) are on the rise. Or is it travel because Borders and AMEX are up? Is this a change in trend as people spend less on clothes? Did they have their clothes from two years ago? Do they buy online? All of these questions are up for grabs, especially because mall drapers are doing poorly too.