Wal-Mart Comparable store sales in apparel improves
13 Dec '07
2 min read
Wal-Mart Stores Inc reported net sales for the four-week and 43-week periods ending Nov. 30, 2007, and Dec. 1, 2006, respectively.
Wal-Mart Stores: Grocery and pharmacy continued to drive strong comparable store sales during the November four-week period. In addition, Wal-Mart had very solid “Black Friday” sales across the store, from entertainment items to sleepwear. Customers responded both in-store and online to Wal-Mart's price leadership initiatives.
“We're happy with our sales performance, but more important, we are pleased with our customer satisfaction scores,” said Eduardo Castro-Wright, Wal-Mart Stores U.S. president and chief executive officer. “We conducted more than 20,000 surveys among Wal-Mart customers on 'Black Friday' and our overall customer experience scores were high. We plan to offer that same level of customer service and price leadership, including secret in-store specials, throughout the Christmas season.”
Comparable store sales in apparel improved during the four-week November period from the previous period, driven by performance in outerwear. With colder temperatures, customers responded to Wal-Mart's merchandise offerings and prices. The home category remained soft.
Sam's Club: In the November four-week period, Sam's Club had strengths in a number of holiday and gift-giving categories, including electronics and video games. Other strong categories across the clubs included produce, bakery, juice andwater, and consumable items. Moving into the December five-week period, sales of toys and Christmas seasonal items are meeting expectations.
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