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Harry,
This I agree with! "Harry Krause" wrote in message ... Wal-Mart shares fall on poor holiday sales Published: November 28 2004 19:25 | Last updated: November 29 2004 16:59 Shares in Wal-Mart fell more than three per cent in New York on Monday, after the giant discount retailer cut its forecast for November same-store sales growth to just 0.7 per cent, citing poor performance over the Thanksgiving holiday weekend. The world's largest retailer had estimated November year-on-year growth of 2 to 4 per cent just 10 days ago. But Wal-Mart revised its estimates down on Saturday evening after disappointing sales on “Black Friday”, the day after Thanksgiving - so called because it is traditionally the time retailers move into profit for the year. It is an indicator of spending for the holiday season, when a quarter of annual retail sales are rung up. Wal-Mart said sales had fallen “below plan” in the last week of November and sales growth was down on the 2.8 per cent annual rate it had reported for October. What's bad for Wal-Mart is good for civilization. -- A passing thought: "Obviously, I pray every day there's less casualty." —George W. Bush, Fort Hood, Texas, April 11, 2004 |
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