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By CBS MarketWatch
Last Update: 12:02 PM ET Nov. 6, 2004
SAN FRANCISCO (CBS.MW) -- Wal-Mart said Saturday that higher shopper traffic in the past week raised its comparable-store sales above the previous year.
It was a bounce-back for the world's largest retailer, which reported a traffic dip in last week's report. Wal-Mart said its latest batch of average sales was higher and that the increased sales from more shoppers made up two-thirds of that year-over-year increase.
The latest reporting period included Halloween weekend, since the previous week's report cut off ahead of last-minute candy and costume sales.
Wal-Mart said its forecast for the month ending Nov. 26 is for a 2 to 4 percent rise in same-store sales. By including Nov. 26, Wal-Mart will be including the traditional day-after-Thanksgiving surge in the month's numbers.
The chain's weekly data measure the results from stores open at least a year, excluding Wal-Marts, Sam's Clubs or Supercenters that have opened in the past year. Its 2 to 4 percent goal for November is the same as in previous months.
On Thursday, Wal-Mart formally said its October same-store sales had grown 2.8 percent, backing last Saturday's preliminary estimate. Including all stores, October sales were up 10.4 percent. See full story.
Wal-Mart said the East and Southeast were its strongest sales regions, marking the fifth straight week that Southeast results have been among the leaders.
The week's top-selling products, said Wal-Mart, were bedding, womens wear, food and pet supplies.
Shares of Wal-Mart (WMT: news, chart, profile) closed up 21 cents Friday at $56.47.
Bigger bonus for me this year!
Last Update: 12:02 PM ET Nov. 6, 2004
SAN FRANCISCO (CBS.MW) -- Wal-Mart said Saturday that higher shopper traffic in the past week raised its comparable-store sales above the previous year.
It was a bounce-back for the world's largest retailer, which reported a traffic dip in last week's report. Wal-Mart said its latest batch of average sales was higher and that the increased sales from more shoppers made up two-thirds of that year-over-year increase.
The latest reporting period included Halloween weekend, since the previous week's report cut off ahead of last-minute candy and costume sales.
Wal-Mart said its forecast for the month ending Nov. 26 is for a 2 to 4 percent rise in same-store sales. By including Nov. 26, Wal-Mart will be including the traditional day-after-Thanksgiving surge in the month's numbers.
The chain's weekly data measure the results from stores open at least a year, excluding Wal-Marts, Sam's Clubs or Supercenters that have opened in the past year. Its 2 to 4 percent goal for November is the same as in previous months.
On Thursday, Wal-Mart formally said its October same-store sales had grown 2.8 percent, backing last Saturday's preliminary estimate. Including all stores, October sales were up 10.4 percent. See full story.
Wal-Mart said the East and Southeast were its strongest sales regions, marking the fifth straight week that Southeast results have been among the leaders.
The week's top-selling products, said Wal-Mart, were bedding, womens wear, food and pet supplies.
Shares of Wal-Mart (WMT: news, chart, profile) closed up 21 cents Friday at $56.47.
Bigger bonus for me this year!
