Wal-Mart gives chillier December sales outlook

[joefree1]

Wal-Mart gives chillier December sales outlook
CHICAGO (Reuters) — Wal-Mart Stores (WMT) said Monday that December sales would likely reach only the lower end of its forecast as more people delayed holiday shopping or bought plastic gift cards, sending its stock down more than 3%.

The gloomier outlook from the world's biggest company cast further doubts on consumer spending in the holiday shopping season and supported ideas that a recovering economy was helping wealthier households more than lower-income families.
edit...
It now expects sales at stores open at least a year to reach only the lower end of its forecast for 3% to 5% growth this month. The outlook prompted some Wall Street analysts to trim their sales estimates and heightened concerns about fourth-quarter earnings prospects.
More ...
http://www.usatoday.com/money/industries/retail/2003-12-15-wal-mart-holiday-sales_x.html

Not good news for Bush. It's the economy Stupid? Or jobs?


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(I'll post pics on Tuesday)

[Moderator]

1. Dupe

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=270499