Wal-Mart’s Flat Same-Store Sales
Wal-Mart’s sales are worse than they appear. Same-store sales continue flat lining for Wal-Mart. Without Sam’s Club, Wal-Mart Stores had only a 0.3% increase over last year. As a whole, the company’s same-store sales were up only 1.1%. This is anemic same-store sales growth on behalf of Wal-Mart and suggests Wal-Mart Stores and Wal-Mart Supercenters are underperforming in the US.
Sam’s Club remains strong, but not strong enough. Sam’s Club warehouse stores remain the single strong point of the company with a 5.4% increase over last year and 6.4% with fuel costs taken into consideration. However, Sam’s Club is not keeping pace with Costco (7.0% Increase).
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