business news in context, analysis with attitude

  • Wal-Mart said that while it expects same-store sales to increase 3 to 5 percent for the month of December, recent data suggests it will be at “the low end” of that range.

  • Target Corp. said same-store sales last week were well below its expectations, as they have for the past month. The company’s projections called for a three-to-five percent increase in same store sales.

KC's View:
One of our regular MNB users, a Wal-Mart employee, wrote us yesterday to note:

“Wonder if that's why we started cutting prices on Christmas tree lights and trees, both live and artificial, today?”

Sounds right to us.