CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Black Friday turns tragic for Wal-Mart

One worker dies in opening chaos at a New York store. Around the nation, crowds seek deep discounts at the world's largest retailer.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By David Ellis, CNNMoney.com staff writer

ALEXANDRIA, Va. (CNNMoney.com) -- Wal-Mart - expected to benefit this holiday season from its deep discounting in a tough economy - had its Black Friday marred when an employee was trampled to death as thousands of people rushed through the doors at the opening of the store in Valley Stream, N.Y.

Police said the man, identified as 34-year-old Jdimytai Damour, was a temporary employee who lived in New York City's borough of Queens.

In addition, police officials said a pregnant woman was taken to a local hospital, but was expected to be released Friday.

Video footage showed as many as a dozen people knocked to the floor in the stampede of people trying to get into the Wal-Mart store, according to Nassau County Police detective Lt. Michael Fleming. The employee was "stepped on by hundreds of people" as other workers attempted to fight their way through the crowd, Fleming said.

"We expected a large crowd this morning and added additional internal security, additional third party security, additional store associates and we worked closely with the Nassau County Police," said Hank Mullany, Wal-Mart's vice president for the Northeast, in a statement. "Despite all of our precautions, this unfortunate event occurred."

"Our thoughts and prayers go out to the families of those impacted," he added, saying the company is cooperating with authorities in their investigation. (Full story)

Around the nation, shoppers descended upon Wal-Mart (WMT, Fortune 500) en masse in hopes of scoring Black Friday discounts. From New Jersey to Dallas, there were reports of hundreds of shoppers lining up before stores opened, looking for $2 DVDs and flat-panel TVs priced just under $400.

At the Fairfax, Va., location, the scene was social. Hundreds queued up before doors opened at 5 a.m., with some having arrived the night before in order to be among the first to shop.

"We skipped Thanksgiving dinner," said 30-year-old Arash Habiezadeh.

Wal-Mart, which operates more than 4,100 U.S. stores and 3,100 international locations, is expected to be a big winner this holiday season as its discounts resonate with budget-conscious shoppers. The company has been aggressively courting customers by lowering its prices and introducing holiday-gift sections in stores.

"Even with the economy, you've got to go with the deals," said Robert Balboni of Centreville, Va., while loading his shopping cart with a 42-inch flat panel TV, a portable DVD player and a Philips 2GB MP3 player.

Wal-Mart has already shown signs of benefiting from the economic slowdown. Same-store sales, or sales at retail stores open at least a year, gained 2.4% in October, beating the company's own forecast.

Overall, the U.S. retail sector is expected to endure one of its worst holiday seasons in years. Sales are projected to climb just 2.2%, according to the National Retail Federation, making it the weakest sales gain in six years.

-- The Associated Press, CNN's Christina Cinnici and CNNMoney.com senior writer Parija B. Kavilanz contributed to this story. To top of page

Features
  • karolyne_sosa_film_producer.04.jpg
    Anne Giapapas has a job in one of the 15 most overworked and underpaid professions. More
  • heels.04.jpg
    These 5 businesses are offering their services -- from shoes to hair cuts -- to the unemployed. More
  • mark_zuckerberg__2007.04.jpg
    These rising stars, like Facebook's Mark Zuckerberg, have great jobs to fill. Here's what they're looking for. More
  • whitney_wise.04.jpg
    They graduated into the worst economy in decades. Here's how 11 grads are getting by. More
  • masoud_modarres.04.jpg
    For some, getting laid off ends up being the ultimate opportunity. More
  • james_murdoch.04.jpg
    Executives like News Corp. chairman James Murdoch raked it in. Where the other 19 rank. More
  • lincoln_ne.ju.04.jpg
    These 5 cities have the fastest-growing foreclosure rates. And they're not the usual suspects. More
Markets Last Change
Dow Jones 10,246.97 20.03 / 0.20%
Nasdaq 2,151.08 -2.98 / -0.14%
S&P 500 1,093.01 -0.07 / -0.01%
10-year Bond 101 6/32 Yield: 3.47%
U.S.Dollar 1 euro = $1.499 0.001
November 10, 2009 12:00 AM ET
CompanyPrice% Change
Beazer Homes USA Inc 5.11 8.96%
Fluor Corp 44.27 -7.79%
YRC Worldwide Inc 1.10 -6.78%
ArvinMeritor Inc 9.23 6.22%
Nov 10 3:53pm ET †
More Galleries
Pieces of Madoff Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
Inside Donald Trump's private jet The real estate mogul's upgrading to a larger private jet, so his 1968 Boeing 727, estimated to cost between $4 million and $8 million, is on the market. More
Hope for homeowners Critics thought homeownership would never work in the South Bronx. They were wrong. Tour the one house currently for sale on Charlotte Street. More
Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.