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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (22553)11/29/2004 11:28:47 AM
From: Wyätt Gwyön  Read Replies (1) of 110194
 
so it is a decline adjusted for inflation

i have never heard of a company that adjusts their sales or profit results (downward) to account for inflation. i believe people were aware of this back in the high-inflation days of the 70s and 80s, but probably not anymore.

sounds like the poor WMT results could be a bit of the "two Americas" at work, whaddayathink? i noticed that malls and yuppie stores around here have been packed since the week before Thanksgiving. but the el-cheapo stores like Ross and TJ-Maxx were pretty empty.

online.wsj.com
A Shopping Frenzy, but Not at Wal-Mart

By ELLEN BYRON in New York, ANN ZIMMERMAN in Dallas and AMY MERRICK in Chicago
Staff Reporters of THE WALL STREET JOURNAL
November 29, 2004; Page B1

Near-record crowds turned out for the holiday shopping season's Thanksgiving weekend kickoff, bringing with them unexpectedly robust sales gains to many malls and retail chains across the country.

Except, surprisingly, at Wal-Mart Stores Inc.

Wal-Mart on Saturday took the unusual step of slashing its prediction for November sales growth, citing disappointing holiday sales at its stores. Wal-Mart predicted that November same-store sales in the U.S. would grow by only 0.7% over a year ago, far less than the 2% to 4% rise the retailer had expected. J.C. Penney Co. and Sears, Roebuck & Co. also remained cautious about overall holiday sales, despite dazzling customer turnout.
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