BENTONVILLE, Ark. - Wal-Mart Stores here said Saturday that same-store stores were expected to be down 0.1% for November, marking a slow start for the holiday season at the world's largest retailer. That follows comp-store sales gains of less than 1% in October, a number that also fell short of the company's expectations. Compounding Wal-Mart's holiday woes were problems at the company's consumer website, walmart.com, which reportedly was down for much of the day Friday because of heavy traffic. According to reports retailers overall posted sales gains of about 5%-6% on Friday, which traditionally marks the start of the holiday shopping season.
Wal-Mart Comps Down in November
BENTONVILLE, Ark. - Wal-Mart Stores here said Saturday that same-store stores were expected to be down 0.1% for November, marking a slow start for the holiday season at the world's largest retailer. That follows comp-store sales gains of less than 1% in October, a number that also fell short of the company's expectations.
