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Wal-Mart 'not comfortable' with October sales
From MSN Money:
Wal-Mart, the world's largest retailer, on Tuesday said it was not "comfortable" with a same-store sales rise of about 1 per cent and expects sales to improve as it cuts prices during the holiday season.October sales at stores open at least a year are up about 1 per cent so far and are tracking below Wal-Mart's forecast for an increase of 2-4 per cent. Last month, same-store sales rose a paltry 1.3 per cent.
"We understand what is happening and do not accept it as inevitable or acceptable," Lee Scott, chief executive, said on Tuesday...
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Posted by Laura - October 25, 2006 10:01 AM - In The News