Wal-Mart Forecast A Drag On Market
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NEW YORK, Aug. 23 -- A disappointing sales forecast from Wal-Mart Stores helped send stocks mostly lower on Monday as investors still worried that oil prices, which dropped some from last week&#39;s highs, would
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Fluctuating gas prices may be driving away shoppers and affecting sales for discount retailer Wal-Mart Stores Inc., which reported disappointing November same-store sales this week, according to a survey commissioned by the National Retail Federation.
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BENTONVILLE, Ark. Aug. 23, 2004 - Wal-Mart Stores Inc., the world&#39;s biggest retailer, lowered its sales forecast for August, citing Hurricane Charley&#39;s swipe across Florida and slower than expected back-to-school sales.
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CHICAGO - Wal-Mart Stores Inc. on Monday maintained its September sales forecast and said back-to-school demand picked up for key categories including electronics and clothing after a sluggish start.
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Shares of Wal-Mart Stores Inc. WMT.N  ticked lower on Monday after the world's largest retailer cut  its August sales forecast.
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Wal-Mart Stores Inc.'s  shares  dipped 1 percent early on Monday as Wall Street tried to  determine what caused surprisingly weak November sales and  looked ahead nervously to a make-or-break December.
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A disappointing sales forecast from Wal-Mart Stores Inc. sent stocks mostly lower Monday as investors worried that oil prices, which stabilized after last week&#39;s highs, would curb consumer spending and hurt companies&#39; third-quarter earnings.
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Wal-Mart continues to show slow sales growth, but it isn't resting on its laurels.
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Wal-Mart Stores Inc.  said on Thursday it expects little improvement in December sales at its stores open at least a year as it struggles with disappointing demand for clothing and home decor.
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NEW YORK : US stocks ended mainly lower Monday as a lower sales outlook from retail giant Wal-Mart dented the impact of a drop in crude oil futures.
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U.S. stocks opened lower on Monday after a disappointing sales forecast from Wal-Mart Stores Inc.  over the weekend raised doubts at the start of the holiday shopping season.
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LITTLE ROCK, Ark. - Wal-Mart Stores Inc., the world's largest retailer, lowered its sales forecast for August, citing slow back-to-school sales and the effects of Hurricane Charley...
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U.S. blue chips were near the  unchanged mark on Monday as a disappointing sales forecast from  retailer Wal-Mart Stores Inc. WMT.N dampened sentiment,  offsetting the benefit of easing oil prices.
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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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Wal-Mart Stores Inc. unsettled the retail industry Thursday, reporting a sales decline for the first time in 10 years and warning that its holiday sales would be disappointing. The discounter's news, coupled with a jump in unemployment benefit claims, raised concerns about the strength of the retailing sector at a critical time of the year.
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Asian stocks edged down on Tuesday as a reduced sales forecast by the world&#39;s biggest retailer, Wal-Mart, stoked concerns of slower economic growth and offset relief from lower oil prices.
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Wal-Mart expects slower sales growth over the next three years and will spend less on new stores.