Wal-Mart October Sales

By Ryan Sweet in West Chester 10/30/2006

Over the past few months, Wal-Mart sales growth has been anything but stellar. Wal-Mart’s preliminary sales growth estimate for fiscal October is a scant 0.5%, down from 1.3% the month prior and is well out of the initial projected range of 2% to 4% sales growth. To ease market reaction, Wal-Mart warned last week that October sales growth was tracking near 1% (see: Wal-Mart Makes Headlines). In October, Wal-Mart attributed its poor performance on weakness in sales of women’s apparel, as well as disruptions due to remodeling efforts in a large number of its U.S. stores. Wal-Mart and most other major retailers will release official sales for October on November 2....

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