Weekend Edition: Wal-Mart Does Its Best

Wal-Mart's CEO says the company is doing its best.

Slow sales are unacceptable. But, maybe lower gas prices and Wal-Mart holiday discounts will bring the faithful back. The company will simply not accept its poor performance of 1% same-store sales growth.

Wal-Mart also said the it will rely on fewer suppliers and give out larger orders. This should help the company get its hands around ethical problems and quality standards.

It would seem pretty late in the game for one of the world's largest companies to say the a lack of growth in its home market and working on supplier quality problems are Job 1.

Wal-Mart's stock is not only flat over the last five years. Shares in rival Target are up 85%.

The excuses are so late as to be laughable.

As Sean Connery says in the film "The Rock", "Losers always whine about their best..."

Wal-Mart needs to replace apologist H. Lee Scott as CEO.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own shares in companies that he writes about.