Wal-Mart Says August Sales May Be Little Changed
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Wal-Mart Stores Inc., the world&#39;s largest retailer, said August sales will be little changed or rise as much as 2 percent, hurt by Hurricane Charley and sluggish demand for back-to-school products.
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Retail sales were generally lackluster in August. Some outfits blamed Hurricane Charlie. Others pointed the finger at gas prices or the late start to the back-to-school shopping season.
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Wal-Mart Stores (WMT) and other top retailers reported sluggish August sales Thursday, below Wall Street expectations, as soaring fuel prices cut into back-to-school spending.
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Wal-Mart Stores Inc. said on Saturday it still expects a 1 percent to 3 percent increase in December sales at its US stores open at least a year as sales of general merchandise and winter items improved in the latest week.
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US blue chips hovered near the unchanged mark on Monday as a disappointing sales forecast from Wal-Mart Stores Inc. , the world&#39;s biggest retailer, offset the effect of easing oil prices.
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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) said on Saturday it still expects a 1 percent to 3 percent increase in December sales at its US stores open at least a year as sales
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Stocks rose on Thursday after strong August sales from Wal-Mart Stores Inc  and other retailers combined with positive economic data calmed concerns about mortgage market turmoil hurting the broader economy.
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Amid reports yesterday of sluggish back-to-school sales from the nation's largest retailer, Wal-Mart Stores Inc. , analysts maintained forecasts for a decent retail season.
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Major retailers, led by discounters Wal-Mart and Target, turned in better-than-expected August sales on Thursday, as consumers went back-to-school shopping despite higher gasoline prices and the nation's housing meltdown.
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Retail sales have risen by 0.3 percent in August compared with the previous month despite the biggest drop in food sales for more than three years.
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Wal-Mart Stores Inc., the world's biggest retailer, lowered its sales forecast for August, citing Hurricane Charley's swipe across Florida and slower than expected back-to-school sales.
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Wal-Mart continues to show slow sales growth, but it isn't resting on its laurels.
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Consumer prices barely budged in August, suggesting that inflation is not currently a problem for the economy and that Federal Reserve policy makers can stick
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Charley throws some water on Wal-Mart's August sales forecast.
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U.S. blue chips hovered near the  unchanged mark on Monday as a disappointing sales forecast from  Wal-Mart Stores Inc. WMT.N, the world's biggest retailer,  offset the effect of easing oil prices.
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Retail sales were weaker than expected in August; confidence wanes.
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New orders at U.S. factories were unchanged in August, a stronger showing than expected, but they were down after stripping out orders for transportation equipment, a government report on Wednesday showed.