Wal-Mart dim amid bright holiday sales
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Post-Thanksgiving sales were a bit of a turkey for retail giant. But for others, they were gravy. By Lorrie Grant. An explosive spending spree over the Thanksgiving weekend gave US retailers hopes for a robust holiday shopping season.
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Wal-Mart (WMT:NYSE - news - research) cut its November sales forecast Saturday, citing declining customer traffic over the past week.
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Disappointed over its Thanksgiving weekend showing, retail giant Wal-Mart is overhauling its sales strategy for the coming holidays.
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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) on Thursday said third-quarter sales were weaker than it had planned but earnings will be at the high end of its estimated range because of improved margins and a better tax rate.
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Shares in a range of area retailers dipped Monday on disappointing Thanksgiving sales data from Wal-Mart Stores Inc. In addition, ShopperTrak, which tallies sales results from 30,000 stores nationwide, said
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U.S. retailers on Thursday delivered mixed sales results for December, the year's key shopping month, with upscale stores faring well but many others slashing prices, squeezing profits.
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The outlook for the holiday season dimmed yesterday as several of the nation&#39;s large retailers reported disappointing sales for November, which included an uninspiring Thanksgiving weekend, The Associated Press reports.
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Wal-Mart Stores Inc  on Thursday reported a lower-than-expected 0.5 percent rise in its January sales at U.S. stores open at least a year, citing unfavorable weather and gift card redemptions that were below expectations.
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Early holiday sales reports are weak, with Target Corp., the nation's No.2 retailer, warning that its sales may have fallen in December.
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Wal-Mart Stores Inc.'s  lackluster December sales forecast on Thursday cast doubt on its fourth-quarter prospects, while its nearest rival, Target Corp. , continued to shine.
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The nation's retailers had a disappointing start to the holiday season, reporting sluggish sales for November after a much hoped-for surge in Thanksgiving weekend business failed to materialize.
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Wal-Mart Stores Inc. (WMT), the world&#39;s largest retailer, slashed its own expectations of November sales on Saturday, saying customer traffic declined toward the end of Thanksgiving
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The holiday shopping season began with a solid show of spending on Friday, but consumers faded by the weekend&#39;s close and many retailers were facing decent but hardly impressive sales.
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Weaker-than-expected holiday shopping forced Wal-Mart Stores Inc. on Saturday to cut its projected sales increase for November by more than half, an ominous announcement for retailers as their busiest time of year begins.
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Major U.S. retailers reported modest gains in November sales on Thursday, as discounting lured customers, but high energy prices and nagging concerns about a soggy job market kept buying in check.
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U.S. chain store retail sales slipped during the Thanksgiving holiday week, as consumers took advantage of discounted merchandise, a retail report said on Tuesday.
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The outlook for the holiday season dimmed Thursday as the nation's retailers reported disappointing sales for November following an uninspiring Thanksgiving weekend.