retail news in context, analysis with attitude

  • Wal-Mart Stores posted November net sales of $21.66 billion, up 11.2 percent over the same period a year ago. Same-store sales were up 3.9 percent for the period.

    The figures for the period include the $1.52 billion in sales done the day after Thanksgiving, which was 6.3 percent higher than the same day in 2002.

  • Costco Wholesale Corp. reported that total sales in the four-week period ended Nov. 30 rose 17 percent to $3.79 billion. Same-store sales were up 14 percent for the month.

  • Pathmark Stores reported that third quarter sales were $978.5 million, an increase of 0.7 percent from $971.5 million in the prior year's third quarter. Same-store sales increased 0.7 percent in the third quarter. The net loss was $0.2 million.

    For the nine-month period of fiscal 2003, sales were $2.9 billion, up 1.5 percent from the prior year's comparable nine-month period. Same-store sales increased 1.1 percent in the nine-month period of fiscal 2003. Net earnings were $6.9 million, compared to $5.4 million for the same period a year ago.

  • Target Corp. said total sales for the four weeks ended Nov. 29 rose 12.1 percent to $4.41 billion, with same-store sales up 6.2 percent.

  • Dollar General reported third quarter net income of $77.9 million, compared with $68.6 million for the same period a year ago. Net sales in the third quarter of 2003 increased 12.5 percent to $1.69 billion compared with $1.5 billion for the same period a year ago. Same-store sales were up 3.8 percent.

  • Longs Drug Stores Corporation reported preliminary total sales of $353.8 million for the four-week period ended November 27, 2003, a 6.6 percent increase over sales of $332.0 million in the comparable period a year ago. Pharmacy sales were 46.4 percent of total drug store sales compared with 45.4 percent a year ago. Same store sales were up 3.7 percent for the period.

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