Wal-Mart Predicts Slim Dec. Sales Gain

[OhioChick]

Thursday November 30, 8:43 am ET
By Anne D'Innocenzio, AP Business Writer
Wal-Mart Predicts December Same-Store Sales Gain of Zero to 1 Percent


NEW YORK (AP) -- Wal-Mart Stores Inc. issued a sobering warning for the holiday shopping season Thursday, predicting its December same-store sales gain would be no better than 1 percent.

The news, coupled with Wal-Mart's expected announcement that it suffered its first same-store decline in more than 10 years during November, came as the nation's retailers reported an overall mixed sales performance for the month. Same-store sales reflect business at stores open at least a year and are the industry standard for measuring a retailer's strength.

The nation's largest retailer reported a 0.1 percent dip in same-store sales. Including a drop in gasoline revenues from its Sam's Club division, which Wal-Mart did not include in its calculation, same store-sales fell 0.3 percent.

Wal-Mart has struggled in recent months on a mix of problems, including the fact that its lower-income customers were hurt by soaring gas prices. But the company's lackluster sales have persisted even as the cost of gas eased, an indication that shoppers are turning away from merchandise like apparel, and sticking with basics like food and consumer products.

http://biz.yahoo.com/ap/061130/retail_sales.html?.v=7

[LiberalEsto]

1. Awwwww

What a piddy

:evilgrin:

[wakeme2008]

2. Walmart hire some of Bushy's number people and you will have a

GREAT Dec. :evilgrin:

[whistle]

3. A friend who shops at Wal-Mart Super Center every Wednesday

....said that yesterday the isles were nearly deserted in the store he always goes to. He wondered what the manager of that store must have been thinking. I believe it is a sign of a worsening economic disaster just around the corner.

If Dick Cheney gets his nuclear war with Iran, will that help turn around the economic slowdown, deflate the housing bubble and curtail worldwide financial collapse? How many nuclear bombs will it take? One, two, five, ten or more?

[snappyturtle]

5. I noticed the local Wal-Mart store here in Kerrville, TX,

which seems to be booming (lots of new houses and huge subdivisions lots sold), was not nearly as busy the day after Thanksgiving as I would have expected. A couple of years ago we were here for an entire year,that lot was always stuffed and circled with cars looking for parking spots.....but not on Nov. 24th. I'm not a Wal-Mart fan and try my best not to do business with them.....but I do consider them a good resource for watching the economy spiral downwards.

[marmar]

4. I certainly won't be part of their slim sales gain...

I've never stepped foot in an Apall-Mart.

[acmejack]

6. Good man!

I'll not give to the obscenely wealthy walton children.

[sallyseven]

7. Aw too bad

They are falling apart. I am happy. I hope they go out of business. They are the neo-cons wet dream.

[CountAllVotes]

10. they tried to put one in where I live

and we the people said NO to Walmart. So there is not one here and I doubt there ever will be. :puke:


:kick:

[CrispyQ]

8. What?????

The top 1% doesn't spend their tax cuts at Walmart?

[SheilaT]

9. Maybe those of us

who constantly tell others that by shopping at Wal-Mart they are directly supporting the right-wing Republican agenda is finally having an effect. I haven't set foot inside one in years, and I constantly tell others they should never, ever shop there.