Wal-Mart Stores Inc., world's biggest retailer, estimated on Saturday that December sales rose 1.6 percent, in the heaviest shopping period of the year.
Target Corp., Wal-Mart's closest competitor, said on December 18 his sales were on track to meet its forecast for 3.5 percent to 5.5 percent growth.
The world's biggest retailer had expected same-store sales to be flat to up 1 percent. Wal-Mart and most other major U.S. retailers will release final December sales data on January 4th.
Wal-Mart's sales were hit by high energy prices cut into consumers disposable income, mild weather curtailed ...
Source : Wal-Mart
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