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.
-- from staff and wire reports
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