Wal-Mart Stores Inc. (WMT) Issues Warning
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 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.
Labels: Wal-Mart, Wal-Mart Stores Inc., WMT
posted by Stock Administrator @ 2:10 PM
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