Walmart U.S. Comps Up Three Straight Months
October 12, 2011,
BENTONVILLE, Ark.--Walmart's same-store sales for its U.S. stores have risen for three consecutive months, according to Bill Simon, president and CEO of Walmart U.S.
Speaking to retail analysts at today's Annual Meeting for the Investment Community, Simon did not provide specific figures for same-store sales gains in July, August and September. The gains were an improvement on the U.S. unit's same-store sales decline in its fiscal second quarter of 0.9 percent, and its drop in comparable-store sales of 1 percent for the first half of the fiscal year.
Walmart also is forecasting "hundreds of billions of dollars" in sales growth in the United States, Simon said. "We have a lot of confidence in our merchandising team," he said. "We also have a lot of confidence in our multichannel strategy."
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money