[lbo-talk] WMT OK

B.K. DeLong bkdelong at gmail.com
Sat Sep 10 14:54:23 PDT 2005


Is that good or bad? I know Wal-Mart is sending huge amounts of these supplies by the truckload to the Red Cross in some cases via donation in some cases via purchased merchandise but I hear in both cases they are eating the transportation gas costs. Interesting......

On 9/10/05, Doug Henwood <dhenwood at panix.com> wrote:
>
> Wal-Mart keeps forecast; water sales up
> Sat Sep 10, 9:22 AM ET
>
> CHICAGO (Reuters) - Wal-Mart Stores Inc. (NYSE:WMT - news) on
> Saturday said demand increased for hurricane-related merchandise
> including water, canned meat and sleeping bags, and it maintained its
> September sales forecast.
>
> On a recorded message updating sales through Friday, the world's
> biggest retailer said it still expects a 2 percent to 4 percent
> increase in September sales at its U.S. stores open for at least a
> year, and demand for groceries was stronger than general merchandise
> sales.
>
> The strongest sales regions included Texas, where thousands of New
> Orleans-area residents were evacuated following Hurricane Katrina.
> Sales were strong across much of the U.S. South and Southeast,
> Wal-Mart said.
>
> Wal-Mart repeated that its forecast was subject to any impact from
> the hurricane and rising oil prices. The retailer said it had
> reopened all but 15 of the 126 stores and corporate facilities that
> were closed due to the hurricane. Nine locations were severely
> damaged.
>
> Wal-Mart's chief executive officer said earlier this week that one of
> the retailer's Louisiana stores was reduced to nothing but half of a
> wall and safe.
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