graphic
graphic  
graphic
News > Companies
graphic
Wal-Mart, Federated sales lag
Companies both lament lackluster 'same-store' sales; Wal-Mart cites warm weather woes.
August 19, 2002: 9:54 AM EDT

NEW YORK (CNN/Money) - Both Wal-Mart Stores Inc. and Federated Department Stores Inc. Monday reported disappointing back-to-school sales at stores open for at least a year.

Bentonville, Ark.-based Wal-Mart, the world's largest retailer, said "same-store" sales are running at the low end of its forecast for a rise of 4-to-6 percent in August, with warm weather hurting back-to-school sales.

The data are for the period Aug. 3-16. The four-week August sales period runs from Aug. 3 to Aug. 30.

"Back to school is off to a slow start as warm weather has affected apparel sales," Wal-Mart said in a weekly sales update message.

Best-selling products have included food, pet supplies, automotive supplies and electronics, the retailer said.

Wal-Mart (WMT: Research, Estimates) shares fell 92 cents to $53.79 Friday.

Separately, Cincinnati-based Federated said "same-store" sales were running below company expectations in the first two weeks of August.

The parent of Macy's and Bloomingdale's had said last week that it expected same-store sales to be down 1 percent-to-3 percent in the four-week August sales period.

Federated (FD: Research, Estimates) shares rose 13 cents Friday to close at $37.13.  Top of page


-- from staff and wire reports




  More on NEWS
JPMorgan dramatically slashes Tesla's stock price forecast
Greece is finally done with its epic bailout binge
Europe is preparing another crackdown on Big Tech
  TODAY'S TOP STORIES
7 things to know before the bell
SoftBank and Toyota want driverless cars to change the world
Aston Martin falls 5% in its London IPO




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.