Home / Knowledge / News / Wal-Mart same-store sales rise in September
Wal-Mart same-store sales rise in September
10
Oct '08
Wal-Mart Stores Inc reported net sales for the five- and 35-week periods ending Oct. 3, 2008, and Oct. 5, 2007, respectively, as follows (dollars in billions). Comparable store sales for the five- and 35-week periods ending Oct. 3, 2008, and Oct. 5, 2007, respectively, appear below. The net impact of Hurricanes Gustav, Hanna and Ike on total U.S. comparable store and club sales was approximately negative 0.4 percentage points.

Walmart U.S. had solid comparable store sales during the September period, despite the negative impact of approximately 0.5 percent from store closures due to the hurricanes that affected many areas of the country. The hurricanes forced the temporary closure of 341 Walmart U.S. stores in coastal areas and the upper Midwest, due primarily to the interruption of electrical power and other disruptions to operations.

“In spite of both the impact from the hurricanes and the recent challenges to consumer confidence as a result of the economic environment, Walmart U.S. had another period of solid comparable store sales performance,” said Eduardo Castro-Wright, Walmart U.S. president and chief executive officer. “We continue to believe that the strong Walmart value proposition is bringing more and more customers to our stores. We are confident that the customers will continue to shop with us as we enter the holiday season.”

Sales at Sam's Club during the September period were driven by strengths in fresh food, with produce leading the category. Within general merchandise, apparel sales were strong, as members reacted positively to new fall items. Categories with softer sales included house wares, furniture, video games and electronics.

McMillon added that comparable club sales were strong in hurricane-affected areas during the back half of the period, providing a benefit to Sam's Club comparable club sales without fuel of approximately 0.5 percentage points.

Fuel sales continue to be strong, with increases both in dollars and gallons sold. Fuel prices were up significantly over the same period last year. The recent hurricanes in the Gulf Coast contributed to fuel market disruptions in some southeastern locations during the period. All Sam's Club gas stations are operating and available to serve members' needs.

Wal-Mart International : “While we are operating in tough economic conditions in many countries around the world, comparable sales continue be solid in many of our markets,” said Mike Duke, vice chairman, Wal-Mart International. “In this environment, we continue to do what we do best, providing everyday low prices so customers around the world can save money and live better.” In the United Kingdom, ASDA delivered strong sales growth, as fresh and core grocery categories continued to perform well and sales of fall and winter George apparel exceeded expectations. Baby products also experienced strong sales growth because of a successful cross-category baby event.

Wal-Mart Brazil reported positive real comparable store sales in the low single digits. The best performances in the period came from Todo Dia stores and the Maxxi cash-and-carry business, which had strong sales in general merchandise. At Wal-Mart Canada, total sales increased in the high single digits, with strengths in consumables, food and electronics. Sales were aided by Wal-Mart Canada's 14th anniversary event and competitive pricing on food staples and essentials. Sales in apparel and shoes slowed during the period. Comparable store sales were in the low single digits and slightly lower than the year to date.


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.8%
No
13.0%
Skip
10.1%

Total Votes: 69

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.3%
No
27.5%
Skip
10.1%

Total Votes: 69

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.5%
No
10.1%
Skip
4.3%

Total Votes: 69

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.4%
No
11.6%
Skip
13.0%

Total Votes: 69


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search