Wal-Mart Lowers August Sales Forecast
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Wal-Mart had previously expected same-store sales to grow between 2 percent and 4 percent during the month. Today it gave a range from flat to up 2 percent.
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A DISAPPOINTING sales forecast from Wal-Mart Stores Inc sent US stocks mostly lower today as investors worried that oil prices, which stabilised after last week&#39;s highs, would
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Sales of new single-family U.S. homes fell 8.3 percent in August to a 795,000 annual sales pace, its slowest rate in over seven years, while the inventory of homes dropped, a Commerce Department report showed on Thursday.
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Ford Motor Co  said on Tuesday that U.S. sales fell 14 percent in August, hit by a decline in showroom sales.
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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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Jitters over a slowing US economy intensified yesterday with the release of weaker-than-expected retail sales figures for August, further raising expectations that the Federal Reserve board will cut interest rates next week for the first time in four years.
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Wal-Mart Stores Inc. , the world's largest retailer, slashed its own expectations of November sales on Saturday, saying customer traffic declined toward the end of Thanksgiving Day week, which signals the start of the holiday 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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WASHINGTONâAmerican shoppers turned tight-fisted in August, dropping sales at retailers by 0.3 per cent and providing fresh evidence of an erratic pace of consumer spending in recent months.
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Wal-Mart Stores Inc. , the No. 1 U.S. retailer, on Tuesday signaled it will cut prices in the weeks before Christmas after a strategy against deep discounts backfired on the first weekend of the holiday shopping season.
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Ford Motor Co.  on Friday said  U.S. vehicle sales fell 11.6 percent in August, hurt by a  decline in truck sales and stronger numbers last year, when  deep discounts lured buyers into showrooms.
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Charley throws some water on Wal-Mart's August sales forecast.
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From department stores to discounters, the nation's retailers reported sluggish August sales yesterday as consumers cut back spending during the generally lucrative back-to-school shopping month.
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Wal-Mart Stores Inc. estimated that  August sales rose 2.7 percent at its U.S. stores open at least  a year, near the high end of its forecast.
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U.S. stock futures trimmed gains,  pointing to a flat open for stocks on Monday, after Wal-Mart  Stores Inc. WMT.N lowered its August sales forecast as  back-to-school demand failed to meet expectations.
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U.S. auto sales weakened in August in   an unexpected drop that industry analysts attributed to growing   economic pressures on consumer spending.
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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...