The last time Wal-Mart had a monthly same-store sales gain that low was back in December of 2000, with a 0.3 percent rise. Prior to that was in April of 1996, with a 0.2 percent gain. That was probably another year when Easter got pushed into April.
More Quotes from Ken Perkins:
Profits are on the rebound but is it sustainable Given the extent of the previous bubble in tech, the recovery should be slower. There's a whiff of a pickup in business spending but not enough to hang your hat on just yet.Ken Perkins
As rates continue to rise, there's less ability for consumers to refinance and take money out of their houses.
Ken Perkins
Gas prices have a significant impact on the consumer psyche. These lower prices should be a boon to U. S. retailers ahead of the holiday crunch.
Ken Perkins
That number may go up to 3.9 percent growth now.
Ken Perkins
Next month is the first time the company marks the anniversary of positive sales comparisons. From here on, the comparisons get increasingly difficult.
Ken Perkins
Is Wal-Mart also hurting its business I think cheaper products at the discount stores did have a marginal impact on the company's sales.
Ken Perkins
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