January sales adds more uncertainty to Walmart’s Q4
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
Retail sales during January offered a mix bag of results and made it rather tricky to determine how much results were influenced by harsh winter weather, gift card redemption rates, a still shaky economic recovery and individual company strategies. A 1.7% same store sales increase at Target was below the company’s expectations, yet chairman, president and CEO Gregg Steinhafel maintained that the company’s major remodeling effort to add fresh food to existing stores and a 5% rewards program were generating results in line with expectations. Exceeding estimates was Costco, which produced a 6% same-store sales gain at its U.S.
0 Comments
View Comments
- People:
- Gregg Steinhafel
- Places:
- U.S.
Related Content
Comments