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Wal-Mart left behind as others post strong Black Friday sales
Chicago Sun Times
BY ANNE D'INNOCENZIO
November 26, 2006

NEW YORK -- The nation's retailers had a strong start to the holiday shopping season, according to results announced Saturday by a national research group that tracks sales at mall stores. One big exception was Wal-Mart, which said it expects to report same-store sales in November below its lackluster forecast.

According to ShopperTrak RCT Corp., which tracks total sales at more than 45,000 retailers, total sales rose 6 percent to $8.96 billion on Friday, the start of the holiday shopping season, compared with the same day a year ago.

"Although we anticipated a solid consumer turnout for Black Friday, this data shows an even larger increase than expected as consumers proved they were willing to spend," said Bill Martin, co-founder of ShopperTrak, in a statement.

Wal-Mart, however, estimated it will post a 0.1 percent decline in same-store sales, or sales at stores opened at least a year, in November. That's slightly below its original projections for flat sales for the month, compared with to the year-ago period. The results cover the four-week period that ended through Friday. Same-store sales are considered a key indicator of a retailer's health.

J.C. Penney said in a statement Saturday that the holiday shopping season was "off to a good start." Penney said home entertainment, fashion jewelry, children's apparel, housewares, holiday decorations and women's shoes were among the most popular items Friday. AP
Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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