Wal-Mart Jan same-store sales up 2.2 pct - report |
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Mon, 05 Feb 2007 12:41
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LONDON (AFX) - Wal-Mart Stores Inc posted a same-store sales gain of 2.2 pct for January, beating its own conservative projection, but capping a lackluster fiscal year, the Wall Street Journal reported on its website, without giving its source.The retailer had predicted a gain of 1-2 pct for the five-week period ended Feb 2 over the same span a year earlier, the newspaper added.This follows a 1.6 pct gain in December, a 0.1 pct drop in November and a 0.5 pct gain in October.The Wall Street Journal said Wal-Mart's year to Jan 31 will deliver the lowest annual same-store sales gain in the 27 years the company has reported such figures. Through December, it was tracking at a 2 pct gain for the year. The newspaper said many US retailers plan to release January sales results on Thursday, and Wal-Mart will provide a final, more comprehensive view of its results at that time.Beginning with its February results, Wal-Mart will switch to reporting on the first Thursday of the following month along with most other retailers, the Journal added.newsdesk@afxnews.comjsaCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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