It's back to school in July for Wal-Mart.
Wal-Mart Stores Inc. maintained its July sales forecast Monday, saying the vital back-to-school shopping season was off to a good start.That is, the quantity of goods sold did not have to increase much for sales to increase, if prices were up a few percent over previous years.On a recorded message updating sales through July 16, the world's biggest retailer said it still expects a 2 percent to 4 percent gain in July sales at its U.S. stores open at least a year.
Bentonville, Ark.-based Wal-Mart listed food, paper goods and pet supplies among the best-selling categories last week, and said price inflation was largely responsible for boosting its sales tally in paper goods.
Posted by Kevin on July, 19 2004 at 09:20 AM
