Wal-Mart gives tires the brush-off
Wal-Mart Stores Inc. posted $17 billion in net income from Feb. 1, 2012, to Jan. 31, 2013, its most recent fiscal year. Its income-to-sales ratio was 3.6% -- very respectable for a mass merchandiser.
Because the company sells tires at some 3,700 outlets, you would think the performance of its Tire & Lube Express outlets would be important to the company. Not once, however, are tires mentioned in its 2013 annual report.
Modern Tire Dealer Editor Bob Ulrich found that hard to believe. But it's true.
To find out what he has to say about Wal-Mart and its most recent financial results, check out his latest blog, "Does Walmart care about tire sales? How would you know?"
And let us know what you think by leaving a comment!