Lower Sales Growth Strikes Wal-Mart

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/6404902/6404903" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

Heading into the holiday season, Wal-Mart says it will look at adjusting its product mix to make up for slumping same-store sales in October. The retailer's sales grew only half-a-percent last month, after earlier predictions that sales would jump between two and four percent.

JOHN YDSTIE, host:

Business news starts with Mal-Mart, hoping for a happy holiday season.

(Soundbite of music)

YDSTIE: Heading into the holiday season, Wal-Mart says it will look at adjusting its mix to make up for slumping same-store sales in October. The retailer's sales grew only half a percent after earlier predictions that sales would jump between 2 and 4 percent. Wal-Mart will issue its full sales release on Thursday.

Copyright © 2006 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.