Walmart Sales Smaller than Projected
Walmart got greedy by trying to sell junks that are made in China a tad more expensive than the mall prices. It serves them right to lose sales this quarter.
Wal-Mart had said Saturday it expected its sales at stores open at
least a year to be up only 0.7 percent in November, rather than its
earlier projection of 2 percent to 4 percent growth.
Wal-Mart shares fell $2.17, or 3.9 percent, to close at $53.15 Monday on the New York Stock Exchange.