Wal-Mart March Same-Store Sales Tracking at 4 Percent to 6 Percent Growth
BENTONVILLE, Ark. -- Wal-Mart Stores, Inc. today said March domestic same-store sales are tracking near the high end of its 4 percent to 6 percent growth estimate, according to latest sales figures, Dow Jones Business News reports.
In its weekly sales update, the world's biggest retailer said it continues to expect some Easter sales to move from April into March, since the holiday occurs a week earlier than last year.
The company said the rush for spring apparel happened earlier this year, and Easter apparel sales and decorations are above plan. Sales of Easter candy were slightly below plan, however, due to last year's "sell-through levels."
The strongest product categories for the United States last week were food, Easter-seasonal items, sleepwear, men's apparel and electronics. Sales in the West and Midwest were the strongest regions for the week.
The component of the Dow Jones Industrial Average said traffic and average ticket were positive last week, with traffic making up two-thirds of the same-store increase.
New York Stock Exchange-listed shares of Wal-Mart closed Friday down 41 cents, or 0.7 percent, at $59.41. The stock traded at a 52-week high of $61.31 March 4 and traded at a 52-week low of $50.50 Dec. 15.
In its weekly sales update, the world's biggest retailer said it continues to expect some Easter sales to move from April into March, since the holiday occurs a week earlier than last year.
The company said the rush for spring apparel happened earlier this year, and Easter apparel sales and decorations are above plan. Sales of Easter candy were slightly below plan, however, due to last year's "sell-through levels."
The strongest product categories for the United States last week were food, Easter-seasonal items, sleepwear, men's apparel and electronics. Sales in the West and Midwest were the strongest regions for the week.
The component of the Dow Jones Industrial Average said traffic and average ticket were positive last week, with traffic making up two-thirds of the same-store increase.
New York Stock Exchange-listed shares of Wal-Mart closed Friday down 41 cents, or 0.7 percent, at $59.41. The stock traded at a 52-week high of $61.31 March 4 and traded at a 52-week low of $50.50 Dec. 15.