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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (22389)	11/27/2004 5:41:56 PM
From: russwinter	Read Replies (3) of 110194

Wal-Mart lowers sales forecast No. 1 retailer says customer traffic declined in latest week; sees 0.7% same-store sales increase. November 27, 2004: 11:14 AM EST CHICAGO (Reuters) - Wal-Mart Stores Inc., the world's largest retailer, said Saturday it expects a 0.7 percent increase in November sales at its U.S. stores open at least one year, down from a forecast of 2 percent to 4 percent a week ago. On a recording detailing sales through Friday, Wal-Mart (Research) sales fell below plan the past week -- typically the strongest reporting period during the Thanksgiving Day holidays -- which affected its forecast for sales in November. The Bentonville, Ark.-based company said customer traffic declined toward the end of the week, and that Wal-Mart had taken a more balanced approached for sales on the day after Thanksgiving.

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