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Posts Tagged ‘head winds’

November 12th, 2009

Wal-Mart Disappoints

(Lee Siler) - The nation's largest retailer, Wal-Mart reported earnings that beat Wall Street's expectations. But the stock is indicating a lower opening, as their same-store-sales came in less than analysts had predicted. And although they did raise their 4th quarter outlook, their sales figures will be less than robust. Wal-Mart is expecting 4th quarter same-store-sales to range from down one percent to up one percent. These numbers are adding to the head winds in the market this morning. Obviously, Wal-Mart is the premier retail bellwether and if they're going to struggle, it's safe to assume the entire industry will be having a hard time during the holiday season...

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