walmart

last mon whan the data was not so good anyway walmart was credited with most of the dow rising 114 points. oh dear, now will the dow retrace, with this news from walmart ? can't trust bush, now we can't trust walmart. must have been a sudden consumer strike, eh lol ?

40's had yrs in retail. when a company say's it's gonna slow down on roll outs it's a simple case of play consolidation until you know the consumer ain't gonna be hard up. the market took it as walmart not spending on so many roll outs and therefore more profit in the kitty. if you don't build, you don't grow. slow down roll outs and hope that the savings offset the consumer's tight purse strings. the market got it very wrong imo.

40


fwiw

SAN FRANCISCO (MarketWatch) -- Despite an upbeat forecast for October, Wal-Mart Stores Inc. notched the slowest gain in same-store sales in years, the retail giant reported Saturday.
Wal-Mart (WMT : Wal-Mart Stores, Inc.
News , chart, profile, more
Last: 50.73-1.02-1.97%

4:02pm 10/27/2006

Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
WMT50.73, -1.02, -2.0%) said sales at established U.S. stores rose an estimated 0.5%, far off the 2-to-4% gain the company originally forecast for October.
On Oct. 23, company executives pared back their rosy outlook, saying that October same-store sales would be closer to September's figure of 1.3%. See full story.
The 0.5% same-store sales figure for October is the weakest since the 0.3% rise posted in December 2000, according to the Wall Street Journal.
Wal-Mart executives blamed the weak October figure on weakness in sales of women's apparel, as well as disruption to sales from remodeling efforts at almost half of its U.S. stores.
The retailer will announce official sales figures for each of its divisions on Thursday.
Andrea Coombes is a reporter for MarketWatch in San Francisco.