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Stock Market Analysis.
Publication: Finance Wire Publication Date: 27-NOV-06 |
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COPYRIGHT 2006 Voxant, Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
LIZ CLAMAN: Wal-Mart feeling no cheer or charitability at the start of the holiday shopping season. The world`s largest retailer forecasting a 1/10 of a percent decline in November same-store sales despite the company`s Black Friday results. That`s below its previous forecast for flat sales, and only the second time in 27 years that Wal-Mart has posted a monthly sales drop. So I guess those crowds were not enough.
Wal-Mart shares are essentially flat for the year, but today fell about a buck-30 or 2 3/4 percent to $46.60 a share. Joining us now to talk about those rare same-store sales declines...
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