Headlines

A Low Everyday August

Wal-Mart's same-store sales growth less than 4 percent for the month

Published

22 years ago

September 5, 2002

admin1

After much speculation about a poor month for Wal-Mart Stores (Bentonville, Ark.), the world's largest retailer reported that net sales grew 11.1 percent in August 2002.

However, same-store sales were up only 3.8 percent for the month,. A year ago, just prior to the economic slump that overtook almost all retailers in the wake of the September 11 attacks, the retailer posted a 7 percent same-store sales gain for August.

The Wal-Mart division showed an equally mediocre 4.3 percent August same-store sales gain, though for the year to date its same-store sales are up 7.3 percent. (After 30 weeks a year ago, same-store sales were up only 5.4 percent.)

Sam's Club, continuing to founder, posted a 1.1 percent same-store sales gain for August, and is up only 4.1 percent for the year.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design