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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: jjstingray who wrote (13833)	12/17/2001 12:41:19 PM
From: Sully-	Read Replies (1) of 99280

Wal-Mart: Same-Store Sales Below Plan NEW YORK (Reuters) - Wal-Mart Stores Inc. (NYSE:WMT - news), the world's largest retailer, said on Monday comparable-store sales at its discount stores were slightly below plan for the third week following Thanksgiving. Federated Department Stores Inc. (NYSE:FD - news), parent of Macy's and Bloomingdale's, also reported that its sales in the second week of December were weak, but in line with its previous forecast for a monthly same-store sales decrease of 11 percent to 14 percent. Both companies released the information in their prerecorded weekly sales update. Wal-Mart said items like Christmas trees, lights, food, household chemicals, sold well in the Dec. 8-14 week. The company said its same-store sales trend is still in line with expectations of a monthly increase at the low end of a 4 percent to 6 percent range. Wal-Mart shares were up 84 cents at $54.90 in midday New York Stock Exchange trade, while Federated was down 36 cents at $37.01.

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