Walmart U.S. Comps Up Three Straight Months
Posted on October 12, 2011 by
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.
Simon also said Walmart plans to open from 142 to 150 new stores in this fiscal year, compared to 153 in the last fiscal year. For fiscal 2013, the company is projecting from 210 to 235 new U.S. stores. Many of these will be in the company's new, smaller Neighborhood Market format.
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."