Dispite their new aggressive advertising campaign, Wal-Mart’s sales again didn’t meet expectations and isn’t expecting a change.
The world’s largest retailer said over the weekend that it expects to report a 0.1 percent decline in November sales in stores opened at least a year, slightly below its projections for flat sales, compared with the year-ago period. The results cover the four-week period through Friday, the first day of the holiday shopping season.
Wal-Mart and other major retailers are expected to report final same-store results for November on Thursday.
Wal-Mart shares fell $1.29, or 2.7 percent, to $46.61 in New York Stock Exchange trading.
It seems as all of the national campaigns to Change Wal-Mart are in fact working, and the public is now learning who Wal-Mart really is… the largest most irresponsible employer in the world.