CHICAGO (Reuters) - Wal-Mart Stores Inc. reported surprisingly weak November sales on Saturday, even as U.S. bargain-hunters jammed stores in search of gifts at the start of the crucial holiday shopping season.
Wal-Mart, the world's biggest retailer, sounded a cautious note for retailers as they began a second day of Thanksgiving weekend sales with deep discounts and early bird specials on items ranging from cashmere sweaters to plasma televisions.
After the initial excitement over Friday's bargain hunter numbers, reality could set in. This kind of yoyo news is why we have to rely on charts at this point and macro events such as foreign US asset liquidation. A currency crisis is never a light development.
Wal-Mart, the world's biggest retailer, sounded a cautious note for retailers as they began a second day of Thanksgiving weekend sales with deep discounts and early bird specials on items ranging from cashmere sweaters to plasma televisions.
After the initial excitement over Friday's bargain hunter numbers, reality could set in. This kind of yoyo news is why we have to rely on charts at this point and macro events such as foreign US asset liquidation. A currency crisis is never a light development.
This entry was posted
on Saturday, November 25, 2006 at 11/25/2006 11:13:00 AM.
You can skip to the end and leave a response.
» Post a Comment