retail news in context, analysis with attitude

• Walmart said yesterday that its US same store sales fell 1.3 percent during the third quarter, the sixth straight quarter of decline in this category. However, bolstered by a strong international performance (sales were up 7.9 percent), the retailer reported a 9.3 percent increase in third quarter profit, to $3.44 billion. Q3 total revenue increased 2.6 percent to $102 billion.

Walmart is projecting that its fourth quarter US same-store sales could be anything from a drop of one percent to an increase of two percent.
KC's View:
“Anything from a drop of one percent to an increase of two percent?”

Yikes. That hardly sounds like unfettered confidence.