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The numbers are in
by Donno - Posted Sun November 16, 2008 @ 8:54 PM
WalMart release its sales and corporate figures for October this past week. Sales seem to be doing fine without layaway.
Earnings for the third quarter rose 9.8%, and sales rose 7.5%. Sales rose 3% for stores open more than a year, far better than most every other reatailer. In comparison, Target was down 4.8%, Dillard's down 8%, Limited down 9%, Kohl's down 9%, JCP down 11.8%.
WalMart hired 33,000 employees in the 12 months prior to October.
There are problems forecast in the future to continue the current growth, but WalMart has enjoyed an 18 month successful turnaround effort.
Data Source: Nov 14 2008 Wall St Journal
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