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WMT's worst holiday in at least 11 years
With today's official reporting of December same-store sales numbers, Wal-Mart's 2006 holiday sales are "the worst on record."
According to today's AP article, "Stores Report Disappointing Dec. Sales":
Wal-Mart, which warned early in the season that its same-store sales gain would be no better than 1 percent, posted a 1.6 percent increase for December...The results followed Wal-Mart's 0.1 percent decline in same-store sales in November, its first monthly same-store sales drop in a decade.
Wal-Mart had its weakest December performance since 2000, when it posted a 0.3 percent gain, according to Thomson Financial. The slim 0.8 percent increase for November and December combined was the worst since Thomson Financial began tracking same-store sales data in 1995.
Posted by Jeremy - January 4, 2007 05:47 PM - In The News