Wal-Mart Stores Inc. reported a paltry 0.5% same-store sales increase for October and issued guidance for sales that indicate an expectation of flat same-store sales in the important pre-holiday month of November. Same-store sales measure sales at stores open more than one year and are considered a barometer of retailer strength or weakness. The 0.5% increase for October is the lowest report for the retail giant in two years and comes amid other retailers reporting healthy same-store sales increases. Warehouse giant Costco reported a 4% increase for October.
Reuters - Wal-Mart
Reuters - Costco
Reuters - General Retail Sales for October
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