January 04, 2005

Walmart Hits the High end of its December Forecast

After a bad start to the holiday shopping season, Walmart announced it will hit the high end of its Decemeber sales forecast thanks to a nice post-Christmas shopping rush. The company expects to hit 3% same-store growth vs. the 1-3% guidance they had given. Analysts say the surge came as people wanted to use their gift cards and take advantage of big markdowns.