U.S. Sales At Wal-Mart Show Decline

As the Christmas season approached, Wal-Mart Stores said it was fixing the problems in its United States division. It hired new executives, added merchandise that it had cut, and fought with Target and other competitors to provide the lowest prices over the holidays.

But for Wal-Mart, the world’s largest retailer, the fourth quarter was the seventh consecutive quarter of declining sales at stores open at least a year in the United States, a measure known as same-store sales.

The decline of 1.8 percent missed the company projection. In November, it said that same-store sales for the fourth quarter would range from a decline of 1 percent to a gain of 2 percent. Same-store sales are an important indicator of a retailer’s health, as they tend to reflect whether in-store changes are working or not.

Read Full Article from New York Times

- Posted: 2011-02-22 22:18:53

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