TITLE

Wal-Mart sees holiday spirit in opening prices

PUB. DATE
November 2003
SOURCE
Home Textiles Today;11/10/2003, Vol. 25 Issue 11, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Wal-Mart Stores Inc. believes opening price points will be the pre-eminent sales driver for the fourth quarter 2003 holiday season and sales gains will come largely because of easier comparisons against 2002. According to Jay Fitzsimmons, senior vice president, finance and treasurer of Wal-Mart Stores Inc., they are looking at opening price points to take a bigger percentage of total sales. While retailers commonly compare selling days to forecast the critical selling period, Fitzsimmons argued that the formula is faulty. He told attendees at Lehman Brothers' Retail Field Trip that consumers will not buy bigger gifts because the season is longer. Seasonal categories provide better sense, but are not worth focusing on. It is noted that Wal-Mart Stores Inc. recently launched a heavy television ad campaign for toys featuring a gingerbread character. Fitzsimmons predicted that the season will be more competitive with retailers going after share.
ACCESSION #
11358569

 

Related Articles

  • Wal-Mart Reaps Another Record Quarter. Corral, Cecile B. // Home Textiles Today;8/18/2008, Vol. 29 Issue 21, p2 

    The article reports on the financial performance of discount chain Wal-Mart Stores Inc. for the quarter ended July 31, 2008 in the United States. Wal-Mart has invested on better quality but affordable goods. It has also revised layout and presentation in its home department. Net income rose 17%...

  • Wal-Mart Beats Estimates, Guides Lower. Young, Vicki M. // WWD: Women's Wear Daily;2/22/2006, Vol. 191 Issue 39, p2 

    The article reports on the financial performance of Wal-Mart Stores Inc. for the fourth quarter of 2005. The results were better than analysts had expected, but its profit outlook for the first quarter and full fiscal year 2007 were lower than Wall Street estimates. Same-store sales for the...

  • Wal-Mart Posts Record Q1 Earnings. Smith, Steve // TWICE: This Week in Consumer Electronics;5/22/2006, Vol. 21 Issue 11, p66 

    This article reports on the profits posted by Wal-Mart Stores for the first quarter ended April 30, 2006. An increase of 12.3 percent was reported in the company's net sales, and a net income of $2.6 billion, up from $2.4 billion in the fiscal first quarter of 2005. Net sales for the three...

  • Wal-Mart on Its Way to Becoming First Trillion Dollar Corporation. Longo, Don // Retail Merchandiser;Mar2005, Vol. 45 Issue 3, p7 

    Reports on the business forecast issued by Retail Forward for Wal-Mart in the U.S. by 2010. Annual sales to be generated by the company in 2005; Proliferation of Supercenters in the country; Percentage of the retailer's total revenue being represented by international sales.

  • Is Wal-Mart a Bargain? Rosato, Donna // Money;Sep2004, Vol. 33 Issue 9, p66 

    This is an article that focuses on the stock performance for Wal-Mart. At $52 a share in late July, Wal-Mart was worth about 25 times its earnings over the past 12 months, the stock's lowest valuation in seven years. While higher-income households seem to be doing well--stocks of high-end...

  • Wal-Mart's World Order. Bowers, Katherine // WWD: Women's Wear Daily;2/19/2004, Vol. 187 Issue 35, p18 

    Focuses on retail giant chain Wal-Mart. Financial performance; Number of retail stores; International operations; Countries with Wal-Mart stores; Purchase of grocery chains; Lessons learned in expanding the business to other countries.

  • Wal-Mart: Revered and Reviled. Christianson, Rich // Wood & Wood Products;Jun2004, Vol. 109 Issue 7, p13 

    Focuses on the performance of Wal-Mart Stores Inc. in the U.S. Net sales of the company; Total number of stores operated by the company; Impact of the company on retailing and manufacturing trends.

  • BALANCE SHEET. Karr, Arnold J. // DNR: Daily News Record;8/23/2004, Vol. 34 Issue 34, p28 

    Reports on the net income increase posted by several retailers in the U.S. for the second quarter of 2004. Wal-Mart Stores; Target Corp.; Kohl's Corp.

  • Wal-Mart Shoppers Struggle. Investor's Business Daily // Investors Business Daily;2/21/2014, pA01 

    5 The big-box retailer's Q4 EPS fell 4% to $1.60 per share as customers were hit with reductions in gov't benefits and higher tax rates, but it still beat by a penny. Revenue rose 2% to $129.7 bil, below views for $130.2 bil. U.S. same-store sales fell 0.4%, with traffic down 1.7%.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics