Walmart: are the boycotts working afterall

http://story.news.yahoo.com/news?tmpl=story&e=4&u=/ap/20041128/ap_on_bi_ge/wal_mart_sales

Looks like Walmart's sales are down, I'm really bummed:


Sun Nov 28, 9:03 AM ET

 Business - AP


BENTONVILLE, Ark. - Weaker-than-expected holiday shopping forced Wal-Mart Stores Inc. on Saturday to cut its projected sales increase for November by more than half, an ominous announcement for retailers as their busiest time of year begins.

The world's largest retailer estimated that the month's sales at U.S. stores open at least a year would be 0.7 percent higher than last November, well below the 2-to-4 percent range that the company had said it expected last week.
The new projection was based on four weeks' worth of sales, from Oct. 30 through Friday, the company said in a statement on its Web site.
"Sales fell below plan this past week, which impacted the results of our November forecast," the statement said. "Keep in mind that this past week was the largest week of the reporting period."
According to Wal-Mart, sales were strongest in the categories of bedding, food, and pet supplies.
"For the day after Thanksgiving, strength in blitz items included digital cameras, the TV-DVD combo, learning toys and video games," the company said.
Sales for the week were strongest in the Southeast and the West, according to the statement.
The statement did not include specific sales figures, which are to be released Thursday.
The National Retail Federation projects that total sales, after restaurant and auto sales are excluded, will increase 4.5 percent for the November-December period. That would be less than the 5.1 percent gain of a year earlier.

:nopity: to 'em!

Let's hope this will keep Analmart from building on Native American burial mounds, at least for a few months :mad: . Bastards.

Lu

I have boycotted them for quite awhile now - although not for their support of the republican party - it is for the damage that they do to communities, to the middle class, and to the health of the economy in general.

I will admit to being a small business owner who has seen first hand what happens when Walmart invades.

Perhaps the program on Walmart that was on a few weeks ago also hurt it.

They spelled it Wall-Mart to avoid prosecution

The adults in town turned into Wall-Mart zombies. First, you shop there because the prices are so low. Then, when everything else closes, you have to work there because its the only job left.

the take over of small businesses by bigger corps

remember that "pro starbucks" episode?

hell, maybe they even see that

Wall-Mart blames the drop in sales is due to less than normal price discounting in the past week, not boycotts.
That's what they get for trying to gouge during the busiest week of the year.

one announcer at CNBC said that WalMart said, " High gas prices kept people home". I think it had to do with less disposable income due to high energy prices.

It has it's uses. Everytime I'm feeling frumpy I can go to Walmart,especially on a Saturday night,and walk out feeling like Ms Universe.

Don't even have to spend a cent----just walk and observe.

Pass this message on to everyone you know: Never, ever, ever, ever shop at wal-mart. For tons of reasons not to shop at wal-mart see:

http://www.nightweed.com/ricksrants.html
or
http://www.alternet.org/story/12962
by Jim Hightower