The Company AsSeenOnTV.com the Official Site for the Worlds Largest Retailer of As Seen On TV Products. We Currently Offer Over 800 Plus As Seen On TV Products and Other Speciality Items. AsSeenOnTV.com is the largest online shopping site committed to bring you the best "As Seen On TV" products at the fairest price on the Internet. AsSeenOnTV.com also searches the world over to bring you a wide range of other fine products to serve your every need. We are devoted to deliver to our customers the highest standard of customer service that is possible at all times. We are always working to make your shopping venture with AsSeenOnTV.com the most enjoyable, reliable and hassle free experience on the web. * non televised items also are available on this web site. http://www.asseenontv.com/?gg=ontv
Associated Press Holiday Outlook Brightens for Retailers Thursday November 4, 4:56 pm ET By Anne D'Innocenzio, AP Business Writer Holiday Outlook Brightens As Many Retailers Report an Improved October Sales on Cooler Weather
NEW YORK (AP) -- The outlook for the holiday season brightened Thursday as many of the nation's retailers reported an improvement in sales in October. Discounters, however, had another month of lackluster results as their customers cut back their spending again.
ADVERTISEMENT Many mall-based apparel stores, including Limited Brands, Abercrombie & Fitch Inc. and Gap Inc., saw a rebound in spending, helped by cooler weather. Wal-Mart Stores Inc., Big Lots Inc. and ShopKo Stores Inc. were among the merchants who extended a sluggish streak that began in June.
"There was definitely more broad-based growth across the apparel group. But the low-end consumer continues to be hurt on two fronts -- jobs and wage growth and higher energy prices," said Ken Perkins, an analyst at RetailMetrics LLC, a research firm in Cambridge, Mass.
"This is a little more encouraging as we head into the holiday season, though it is not a harbinger for a stellar shopping season."
John Morris, senior retail analyst at Harris Nesbitt, noted that "there was pent-up demand for apparel coming at a time when weather was more seasonable", but he warned that the question remains whether that buying can be sustained during the holiday season.
"The average consumer seems to be pinched," he said.
Even in more secure economic times, it's hard to tell from October sales how the holiday season will fare -- whether consumers will shop enthusiastically from the start or put off buying until late December and force retailers to slash their prices. With the current uncertainty about jobs and energy bills, many storeowners are uneasy about the holidays, especially after the Conference Board reported last week that consumer confidence fell to a seven-month low in October, marking its third consecutive monthly decline.
It's clear shoppers will be looking for value. One of the retailers that did well last month was Target Corp., considered an upscale discounter. Target reported a 6 percent gain in sales from stores open at least a year, known as same-store sales. Analysts surveyed by Thomson First Call had expected a 5.6 percent gain.
The International Council of Shopping Centers-UBS same-store sales tally of 75 retailers rose 4.1 percent in October, better than the 3 percent to 4 percent gain forecast. That was the best performance since May, when retailers recorded a 5.7 percent gain, according to Michael P. Niemira, chief economist at the International Council of Shopping Centers. In September, the tally rose 2.4 percent. Same-store sales are considered the best indicator of a retailer's performance.
Niemira predicts same-store sales increases of 3 to 4 percent for the holiday period. That compares with a 4 percent increase in 2003.
The National Retail Federation projects total retail sales, which exclude restaurant and auto sales, will increase 4.5 percent for the November-December period, below the 5.1 percent gain of a year ago.
The good news is that stores seem to be in good shape when it comes to inventories -- estimated to be up 5 percent compared to a year ago. That should enable retailers to have more merchandise sales rather than gift card sales, Niemira said. While retailers get instant cash from gift cards, they don't record the sales until the cards are redeemed -- usually in January or later, draining sales away from holiday tallies.
Richard Hastings, a retail analyst at the Bernard Sands credit advisory firm, said he's encouraged that stores are getting smarter about discounting, and not just slashing prices across the board. So he's optimistic that they won't need heavy markdowns this holiday season.
But retailers are worried because there's no must-have item that will bring throngs of customers to the stores -- although there are plenty of electronics items such as flat-screen TVs and miniature iPods that are expected to do well.
In other economic news Thursday, initial claims for unemployment benefits plunged last week by a seasonally adjusted 19,000 to 332,000, the Labor Department said. A portion of the decline reflected fewer hurricane-related claims in Florida, but even so, the better-than-expected figures offered encouragement that the job recovery may be gaining momentum.
But job and other economic worries still weigh heavily on the lower-end consumer.
Wal-Mart recorded a 2.8 percent increase in same-store sales, just under analysts' 3 percent forecast. Despite disappointing sales in October, an improved gross margin and a better tax rate will result in Wal-Mart's reporting profits for the third quarter at the high end of its projected range.
ShopKo recorded a 3.1 percent decline in same-store sales. Analysts expected a 1 percent gain at Shopko.
Big Lots Inc. reported sales were unchanged from the year-ago period, a bit better than the 1 percent decline that analysts expected. Still, Michael J. Potter, chairman and chief executive officer, said in a statement that the company's customers are "challenged in this difficult economic climate."
"Based on recent trends, there does not appear to be an external catalyst for increased traffic in the short-term," Potter said.
But many mall-based stores did well. Limited reported a robust 14 percent increase in same-store sales in October, though it was slightly below Wall Street's estimate of 14.9 percent.
Gap had a 3 percent increase in same-store sales in October, better than the 1.7 percent increase Wall Street expected.
Abercrombie & Fitch posted an 11 percent increase in same-store sales, surpassing the 2.3 percent estimate.
Among department stores, Sears, Roebuck and Co., helped by strong sales of home appliances, reported a 1.9 percent same-store sales increase in its domestic business in October. That was better than the 0.5 percent decline Wall Street expected.
J.C. Penney Co. Inc. had a 2.1 percent gain in sales at its department store business, slightly below the 2.2 percent forecast.
Federated Department Stores Inc. reported a 4 percent increase in same-store sales, surpassing the 2.6 percent analysts expected, as it enjoyed a post-hurricane sales rebound in Florida. But the company, whose stores include Macy's and Bloomingdale's, warned that same-store sales in November would be up no more than 2 percent, and that it expects an increase of 1 percent to 3 percent in December.
High-end stores again reported robust sales.
Neiman Marcus Group Inc. had a 13.6 percent gain in same-store sales, surpassing the 8 percent Wall Street expected. Saks Inc. had a 4.4 percent gain in same-store sales, better than the 2.8 percent estimate.
On Monday, May Department Stores Inc. reported a 2.2 percent decline, steeper than the 0.3 percent forecast.
[This message has been edited by JoeMillion (edited November 04, 2004).]
posted
looks like it closed at .049 yesterday. what do you guys think it will go up to today? what kind of dip should be expected?
Posts: 824 | Registered: Oct 2004
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posted
some are saying they see $1.00 in the future it would be awesome to see .25 how far in the future does anyone see that glta
Posts: 111 | Registered: Aug 2004
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NEW YORK (Dow Jones)--Mary Meeker is as jazzed about the Internet as ever.
The Morgan Stanley analyst, well known for her bullish and influential calls on Internet stocks during the late '90s craze, says the predicted boom is underway.
"The enthusiasm was well placed, it just got ahead of itself in many respects," Meeker said, speaking at the Interactive Local Media 2004 conference in Jersey City, N.J., Friday. "As we have said for a long time, from a wealth-creation standpoint, we believe we lived through a boomlet, followed by a bust, followed by a boom."
As evidence, Meeker pointed to the combined market value of eBay Inc. (EBAY), Google Inc. (GOOG), Yahoo Inc. (YHOO), Yahoo Japan Corp. and Amazon.com Inc. (AMZN), which was $231 billion as of Wednesday. That's a remarkable turnaround from $32 billion on Oct. 9, 2002, when the Nasdaq market bottomed, and a sum that has exceeded the March 10, 2000, peak of $178 billion.
The good news is, this time, revenue and profits are driving the boom, not just excited visions of a wired future. For two years now, Internet companies have mostly posted better-than-expected quarterly results, as growth in e-commerce and online advertising accelerated. In the third quarter, eBay reported 44% year-over-year revenue growth to $806 million. Yahoo's revenue rose 84% to $655 million and Google's doubled to $503 million. All reported handsome profits.
At work are rising numbers of Internet users globally and their increasing use of online services, combined with Internet companies' continuously improving ability profit, Meeker said. In fact, Internet companies' hot competition for consumers and advertisers is creating a virtuous circle, she said. Their feverish innovation is attracting even more users, driving more Internet use and giving their patrons more reason to spend.
Internet company innovation is focused on improving user experiences with simple, quick-to-download Web pages; providing more effective search engines and search-advertising tools; introducing more personalized and targeted content and ads; offering more sophisticated music, video and local content; and improving accessibility to content, whether on mobile devices or PCs, Meeker said.
"We've never had such a long list of (near-term) drivers" behind Internet user and usage - and Internet company - growth, she said. Meeker predicted 10% to 15% annual global user growth, 20% to 30% usage growth and more than 30% improvement in monetization metrics during the next two to four years.
The success of the big Internet players, particularly in search technology, is attracting attention from would-be rivals. In particular, Microsoft Corp. (MSFT) has mobilized to develop its own search engine, which Meeker believes could be available before Christmas. The move is in large measure designed to counter the threat posed by Google, which has entered Microsoft's turf with a new tool for searching files and e-mails in Windows PCs.
While Microsoft could become a competitive threat to established Internet players, Meeker argues its success isn't assured. Unless its search technology is clearly superior to those of Google and Yahoo, it will be hard for it to take share.
"Microsoft has to show their ability to compete, and they haven't quite done that," she said. "This is a more competitive market for Microsoft to play in than they've had in a long time."
Meeker believes the incumbents "all have a fair amount of running room for the next couple of years," but will only hold their positions if they stay cutting edge by continuing to innovate and acquire emerging companies.
"Execution on strategy, which can be hard to predict, will be the determinant of continued success," she said.
- Riva Richmond, Dow Jones Newswires; 201-938-5670; riva.richmond@dowjones.com
posted
Ok, what am I missing here? This company has had no dilution over the last two years, they only have 23 million outstanding, and even if they dilute it fully that only takes it up to 100 million. Over 3 million in sales, not making anything but losing nowhere near the money that other pennys do that trade at higher prices. In my opinion this should be in the .20 to .40 range yet aside from a few blips, it stays in a very tight trading range. What's going on here? Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 53855
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 34676
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Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 33657
« Halloween Week Accounts For Highest Sales Period in 2004 | Main | Holiday Apparel Survey » From Melody Vargas, Your Guide to Retail Industry. FREE Newsletter. Sign Up Now! November 08, 2004
Holiday E-Spending Report Online holiday sales will continue to be a bright spot in retail for 2004, according to Goldman, Sachs, & Co., Harris Interactive, and Nielsen//NetRatings 2004 Holiday eSpending Report.
Factors Driving the 2004 Shopping Season Online holiday sales will continue to be a bright spot in retail for 2004, but this year's growth will likely decelerate from levels achieved during the 2003 holiday season. Overarching factors drawing shoppers online include increased comfort with online shopping, greater category breadth, improved site usability, better customer service, and competitive prices.
"Competition for holiday sales dollars will be fierce this year," said Heather Dougherty, senior Retail analyst, Nielsen//NetRatings. "Multi-channel retailers will continue pushing consumers to shop across channels through emails touting sales promotions, savings, and features such as in-store pick- up, which will drive shoppers into stores for incremental revenue. Retailers also will seek to drive online sales by encouraging shoppers to ship directly to recipients through reduced cost and free shipping promotions."
"It will be interesting to see from this coming season's research whether time and one-stop shopping will be factors related to online shoppers' use of the Web," said, Karen Chiarelli, director of Technology Research, Harris Interactive. "If results show they are, then online retailers with a variety of retail partners and simple checkout processes will likely have an edge."
Categories that could see the most growth this holiday season include:
* Toys and games, as larger retailers attempt to capture sales from specialty players. * Home and garden, as retailers introduce significant functionality to their sites. * Computers and consumer electronics, as shoppers seek detailed product and price information before purchasing items. * Brick and mortar retailer/apparel, as shoppers try out products in-store before buying them online. * Books, music and DVDs, driven by big-name holiday releases and affordable price points.
Looking Back at the 2003 Holiday Season According to the third annual eSpending Report released in January 2004, online shoppers spent a record $18.5 billion online, excluding travel, during the 2003 holiday season, reflecting a 30 percent year-over-year increase in spending. The apparel, toys/video games (hardware and software), consumer electronics, computer hardware and peripherals, and videos/DVDs categories generated the greatest revenue.
Online shoppers spent $3.7 billion on apparel, $2.2 billion on toys/video games (hardware and software), and $2 billion on consumer electronics. Consumer hardware and peripherals also attracted attention from online surfers generating revenue of $1.7 billion. Videos/DVDs also had a strong season last year with online shoppers spending $1.6 billion.
"The fourth annual proprietary eSpending survey will provide important data points that will allow us to assess online consumer spending levels, drivers of preference, and levels of satisfaction throughout the important holiday season. We expect solid growth during the holiday season, benefiting from the continued secular shift to online shopping; however, we also anticipate increased levels of competition among pure play online commerce companies, brick and mortar companies, and comparison shopping companies following two years of a benign competitive environment " said Anthony Noto, Internet and Entertainment analyst at Goldman Sachs.
The eSpending Report, developed jointly by the three companies, is based on a weekly national survey of approximately 1,000 randomly selected online shoppers surveyed by Harris Interactive. The eSpending report offers weekly insight on online shopping and spending by market segment and tracks consumer attitudes and motivations driving online shopping patterns.
posted
By looking at the charts, ontv going to high teens or 20s next week! News, Charts and holiday shopping season say ontv is ready to rumble! Good luck to all.
NEW YORK (Dow Jones)--Mary Meeker is as jazzed about the Internet as ever.
The Morgan Stanley analyst, well known for her bullish and influential calls on Internet stocks during the late '90s craze, says the predicted boom is underway.
"The enthusiasm was well placed, it just got ahead of itself in many respects," Meeker said, speaking at the Interactive Local Media 2004 conference in Jersey City, N.J., Friday. "As we have said for a long time, from a wealth-creation standpoint, we believe we lived through a boomlet, followed by a bust, followed by a boom."
As evidence, Meeker pointed to the combined market value of eBay Inc. (EBAY), Google Inc. (GOOG), Yahoo Inc. (YHOO), Yahoo Japan Corp. and Amazon.com Inc. (AMZN), which was $231 billion as of Wednesday. That's a remarkable turnaround from $32 billion on Oct. 9, 2002, when the Nasdaq market bottomed, and a sum that has exceeded the March 10, 2000, peak of $178 billion.
The good news is, this time, revenue and profits are driving the boom, not just excited visions of a wired future. For two years now, Internet companies have mostly posted better-than-expected quarterly results, as growth in e-commerce and online advertising accelerated. In the third quarter, eBay reported 44% year-over-year revenue growth to $806 million. Yahoo's revenue rose 84% to $655 million and Google's doubled to $503 million. All reported handsome profits.
At work are rising numbers of Internet users globally and their increasing use of online services, combined with Internet companies' continuously improving ability profit, Meeker said. In fact, Internet companies' hot competition for consumers and advertisers is creating a virtuous circle, she said. Their feverish innovation is attracting even more users, driving more Internet use and giving their patrons more reason to spend.
Internet company innovation is focused on improving user experiences with simple, quick-to-download Web pages; providing more effective search engines and search-advertising tools; introducing more personalized and targeted content and ads; offering more sophisticated music, video and local content; and improving accessibility to content, whether on mobile devices or PCs, Meeker said.
"We've never had such a long list of (near-term) drivers" behind Internet user and usage - and Internet company - growth, she said. Meeker predicted 10% to 15% annual global user growth, 20% to 30% usage growth and more than 30% improvement in monetization metrics during the next two to four years.
Joe
[This message has been edited by JoeMillion (edited November 13, 2004).]
posted
Wow. I was thinking of getting into this at 5 cents but now its 9. Not sure if I should chase it.
Posts: 89 | Registered: May 2004
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posted
i could of got in cheap too but, this stock has no volume so, i dont think i want a whole lot to do with it for right now.
Posts: 824 | Registered: Oct 2004
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Composite Indicator -- Signal -- -- Strength -- -- Direction -- Trend Spotter (TM) Buy Maximum Strongest
Short Term Indicators 7 Day Average Directional Indicator Buy Weak Strengthening 10 - 8 Day Moving Average Hilo Channel Buy Maximum Strongest 20 Day Moving Average vs Price Buy Maximum Strongest 20 - 50 Day MACD Oscillator Buy Maximum Strongest 20 Day Bollinger Bands Buy Maximum Strongest
Short Term Indicators Average: 100% - Buy
Medium Term Indicators 40 Day Commodity Channel Index Buy Weak Strongest 50 Day Moving Average vs Price Buy Maximum Strongest 20 - 100 Day MACD Oscillator Buy Maximum Strongest 50 Day Parabolic Time/Price Buy Maximum Strongest
Medium Term Indicators Average: 100% - Buy
Long Term Indicators 60 Day Commodity Channel Index Buy Strong Strongest 100 Day Moving Average vs Price Buy Maximum Strongest 50 - 100 Day MACD Oscillator Buy Maximum Strongest
posted
joe, how much money you have in this stock? i may consider putting $1000 in it. hopefully it will start to take off within a month.
Posts: 824 | Registered: Oct 2004
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The Official Site for As Seen On TV Products and More* at Great Prices. We Currently Offer Over 1200 As Seen On TV Products and Other Speciality Items. http://www.asseenontv.com/?gg=ontv
Associated Press Retailers Offer Positive Holiday Outlook Tuesday November 16, 6:04 pm ET By Anne D'Innocenzio, AP Business Writer Holiday Season Outlook More Positive After Retailers Post Solid Earnings Gains for 3rd Quarter
NEW YORK (AP) -- The outlook for the holiday season grew more positive Tuesday after major retailers, including Wal-Mart Stores Inc. and J.C. Penney, offered bullish comments about consumer spending as they reported solid earnings increases for the third quarter.
ADVERTISEMENT Wal-Mart, the world's largest retailer, raised its full-year earnings outlook after posting a 12.7 percent increase in third-quarter profits that matched Wall Street estimates.
"I believe sales momentum will accelerate into the holidays," said Lee Scott, Wal-Mart's president and chief executive officer. "We should have a better Christmas than last year."
Penney reported its profits nearly doubled in the quarter, beating Wall Street projections. Chairman and chief executive Allen Questrom said higher oil prices remain a concern, but he said the company is optimistic that the economy will keep improving.
Nordstrom Inc., helped by improvements in merchandising and cost controls, reported a 71 percent increase in third-quarter earnings, far exceeding Wall Street projections. The Seattle company also raised its earnings outlook.
The Home Depot Inc., the nation's largest home improvement chain, based in Atlanta, reported a nearly 15 percent increase in profits, and upgraded its earnings outlook. Meanwhile, Staples Inc., the nation's largest office products retailer, posted a 26 percent increase in its third-quarter profit.
The big exception was Saks Inc., whick owns Saks Fifth Avenue and other department store chains. The company, based in Birmingham, Ala., blamed hurricanes and a string of planned store closings for a quarterly loss.
After splurging during the first five months of the year, consumers slowed their spending at the beginning of the summer as high gasoline prices and grocery bills and ongoing job insecurity took a toll. But a rebound in sales starting in October, the last month of most retailers' fiscal third quarter, gives them more confidence that they will end the year with a strong finish. Oil prices, while still high, have come down, and the economy added 337,000 new jobs in October, the best showing since March and double what had been forecast.
Still, while the headwinds seem to be easing, they haven't disappeared.
"Retailers still have to be concerned about oil, particular home heating and natural gas," with the beginning of cold weather, said Ken Perkins, an analyst at RetailMetrics LLC, a research firm in Swampscott, Mass.
Wal-Mart earned $2.29 billion, or 54 cents a share, for the three months ended Oct. 31, up from $2.03 billion, or 46 cents a share, a year ago. Overall revenue rose to $69.26 billion, up from $63.04 billion a year earlier, aided by an 18 percent sales gain in the international division.
Analysts surveyed by Thomson First Call projected the company would earn 54 cents per share.
Wal-Mart, which is based in Bentonville, Ark., raised its earnings outlook for the full year to a range of $2.39 to $2.41 a share and predicted it will earn between 73 cents to 75 cents a share in the fourth quarter. Previously, the company had forecast annual earnings of between $2.34 and $2.38 per share. Analysts already expected earnings of 74 cents a share for the fourth quarter and $2.40 a share for the year.
Wal-Mart's Scott said he wasn't satisfied with profit margins and sales growth in the Wal-Mart division. Among the pressures on profit margins are higher labor, health insurance, utilities, fuel and accident costs, the company said.
Wal-Mart's shares fell 81 cents, or 1.4 percent, to close at $56.89 on the New York Stock Exchange.
Penney earned $149 million, or 50 cents per share, in the three months ending Oct. 30 compared to $80 million, or 27 cents per share, a year earlier. The 2004 results included charges of $47 million, or 10 cents per share, for early debt retirement. Revenue rose 3 percent to $4.46 billion from $4.33 billion a year earlier, nearly matching analysts' expectations.
Analysts surveyed by Thomson First Call had forecast earnings of 48 cents per share.
The company said it expected fourth-quarter sales to decline by low-single digits from last year, citing the calendar, which included an extra week in the final quarter last year. A new CEO, Myron Ullman, begins Dec. 1, replacing Questrom, who is leaving after more than four years at the company, based in Plano, Texas.
Penney's shares fell 43 cents, or 1.1 percent, to close at $39.98 on the New York Stock Exchange.
Saks, based in Birmingham, Ala., said it lost $24.8 million, or 18 cents per share in the three months ended Oct. 30. Analysts surveyed by Thomson First Call had expected a profit of 4 cents per share. The company earned $12.4 million, or 9 cents a share, in the quarter last year. Revenue for the quarter rose to $1.48 billion from $1.47 billion a year ago.
Hurricanes that tore through the Southeast reduced earnings by 3 cents a share, the company said. Saks said the storms were also behind a $6 million drop in same-store sales in its Saks Fifth Avenue Enterprises division, which includes 64 high-end Saks Fifth Avenue stores and 53 Saks Off 5th outlet locations.
Chairman and chief executive Brad Martin said the company was watching expenses closely because of soft sales.
Saks operates almost 400 stores nationwide. Besides Saks Fifth Avenue and Saks Off 5th, its department stores include Parisian, Proffitt's, McRae's, Younkers, Herberger's, Carson Pirie Scott, Bergner's, Boston Store and Club Libby Lu.
Saks' shares fell 81 cents, or 5.8 percent, to close at $13 on the New York Stock Exchange.
Nordstrom earned $77.83 million, or 54 cents per share, in the three months ended Oct. 30. That compares with $45.47 million, or 33 cents per share in the year-ago period.
Analysts surveyed by Thomson First Call anticipated 47 cents per share.
Net sales increased to $1.54 billion, up from $1.41 billion in the year-ago period. Same-store sales were up 8.1 percent, better than the company's projection for a low-single digit increase.
Based on strong results, Nordstrom said it expects fourth-quarter profits to be in the range of 90 cents to 95 cents, surpassing Wall Street estimates of 88 cents. For the full year, Nordstrom now believes it can achieve $2.68 to $2.73 per share. Analysts polled by Thomson First Call expect $2.58 per share.
Nordstrom's shares fell $1.20, or 2.61 percent, to close at $44.80 in regular trading. The shares gained $1.06, or 2.4 percent, in extended trading following the announcement.
posted
Roadrunner, you gotta be kidding. The ask and bid remained the same as yesterday with only a volume of 11,000 changing hands today. Study the charts man. ONTV is heading up!
posted
ITS going down here watch out below chart looks like dip coming failed to break .12 caveat empor aimho
Posts: 309 | Registered: Nov 2004
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posted
i looked up a quote on my cell phone yesterday and im pretty sure it said -28% for the day. oh well good luck with ontv anyway.
Posts: 824 | Registered: Oct 2004
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Associated Press Wal-Mart Move Ominous Sign for Retailers Sunday November 28, 9:03 am ET Wal-Mart Cuts Its Projected Sales Increase for November, an Ominous Sign for Holiday Retailers
BENTONVILLE, Ark. (AP) -- Weaker-than-expected holiday shopping forced Wal-Mart Stores Inc. on Saturday to cut its projected sales increase for November by more than half, an ominous announcement for retailers as their busiest time of year begins.
ADVERTISEMENT click here The world's largest retailer estimated that the month's sales at U.S. stores open at least a year would be 0.7 percent higher than last November, well below the 2-to-4 percent range that the company had said it expected last week.
The new projection was based on four weeks' worth of sales, from Oct. 30 through Friday, the company said in a statement on its Web site.
"Sales fell below plan this past week, which impacted the results of our November forecast," the statement said. "Keep in mind that this past week was the largest week of the reporting period."
According to Wal-Mart, sales were strongest in the categories of bedding, food, and pet supplies.
"For the day after Thanksgiving, strength in blitz items included digital cameras, the TV-DVD combo, learning toys and video games," the company said.
Sales for the week were strongest in the Southeast and the West, according to the statement.
The statement did not include specific sales figures, which are to be released Thursday.
The National Retail Federation projects that total sales, after restaurant and auto sales are excluded, will increase 4.5 percent for the November-December period. That would be less than the 5.1 percent gain of a year earlier.
posted
Suprised no one has noted their first quarter REVENUES!! It is the best in the companies history! UP %80.5 year over year. Also they were profiable for the quarter. The BAD is NO VOLUME but I might buy some just to sit on.
[This message has been edited by osubucks30 (edited December 03, 2004).]
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