Headlines

Even Wal-Mart Has a Bad Month

Retailer says July sales are disappointing — no tax-rebate checks

Published

22 years ago

July 30, 2002

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Wal-Mart Stores (Bentonville, Ark.) said its July sales would be at the low end of the company's forecast, forecasting a disappointing same-store sales increase of 5 to 7 percent.

The company pointed to this period a year ago, when more than $38 million in tax-rebate checks — mailed beginning on July 20, 2001 — were helping drive retail sales.

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