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| cpaul on Sun, 1 Dec 2002 06:42:23 +0100 (CET) |
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| <nettime> buy everything day |
Reuters
Wal-Mart Reports $1.43 Billion Sales Fri.
Saturday November 30, 5:53 pm ET
BENTONVILLE, Ark. (Reuters) - Wal-Mart Stores Inc. (NYSE:WMT - News), the
world's biggest retailer, on Saturday reported record one-day sales on
Friday, the day after Thanksgiving that retailers hope will jump-start
sluggish sales.
Wal-Mart said its U.S. stores racked up $1.43 billion in sales on Friday at
its thousands of U.S. stores, which includes Sam's Clubs. That compares to
day-after Thanksgiving day sales of $1.25 billion last year.
That represents the biggest single-day sales figure for the retailer.
Retailers have been forced to trim expenses all year to make up for slack
sales and analysts are expecting a mediocre holiday season, as consumers
fret over layoffs and a likely war with Iraq.
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