Retail
Wal-Mart (WMT) September Sales A Bit Light, Who Cares?
Published:
Last Updated:
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
Wall St. expected Wal-Mart (WMT) same-store sales to be up 2.5% in September. They only rose 2.4%. It was a brilliant showing. Almost all data from retail associations said sales across the industry were a wreak last month.
Wal-Mart’s revenues were up almost 5% to $22.5 million. Most large store chains would lay down their lives for that.
International sales were up over 7% to $9.4 million.
The most impressive figures of all were from super-discount division Sam’s Club where revenue moved up 8%
The news is evidence that the consumer is still in the market buying essentials, but refuses to spend more than he absolutely has to. This would bode ill for stores that sell anything at a premium. Macy’s (M) better get ready for a hard holiday season.
Wal-Mart missed numbers? Not by any sane standards.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.