Saturday, November 25, 2006
Surprisingly Weak is 0.1% Down?
Wal-Mart sees weak sales as holiday season starts.
I guess when you're expecting same-store year over year revenue increases, its always a surprising turn when the number comes up with a minus sign out front.
Wal-Mart isn't the only one suffering as the housing market cools across the country. The story doesn't meantion what monthly sales in actual dollars are for Wal-Mart, like the .1% decline this November.
The larger economic trend this signals is more ominous as the entire economy may be stumbling a bit right now, led by the housing market.
Tags: Wal-Mart, WalMart, decline, same-store sales, Wall+Street, WIPE
I guess when you're expecting same-store year over year revenue increases, its always a surprising turn when the number comes up with a minus sign out front.
Wal-Mart isn't the only one suffering as the housing market cools across the country. The story doesn't meantion what monthly sales in actual dollars are for Wal-Mart, like the .1% decline this November.
The larger economic trend this signals is more ominous as the entire economy may be stumbling a bit right now, led by the housing market.
Tags: Wal-Mart, WalMart, decline, same-store sales, Wall+Street, WIPE
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