Retailer’s Holiday Sales Less Than Expected
The world’s largest retailer is reiterating its earlier projection of lower holiday sales.
Wal-Mart says sales were strong last week before and after Christmas. But it still only expects sales at stores open at least a year to increase two to three percent. That was less than the three-to-five-percent jump that it originally expected.
For the week ending last Friday, Wal-Mart said sales were strongest in home furnishings, electronics, toys, health and beauty and seasonal items. It says sales were strongest in the Northeast and Midwest.