Eveeel Wal*Mart same store sales up 6.6% over 1Q 2005 May 4, 2006Posted by daveintexas in Bidness.
In retail, comparing same store sales (you leave out new store sales opened since the end of 1Q 05) is the measure that is most significant. Even if you factor in Easter falling in April, a 6.6% increase in retail is huge.
Bentonville, the center of the capitalist universe is reaping excellent profits in 06, reflecting the strong growth in the overall US economy and solid GDP figures.
While they're only number two now on the Fortune Eveeel 500 (having been passed by EXXONMOBIL and their record profits), they are on target for a very good year. I love it.
Incidentally, Wal*Mart changed the – between Wal and Mart to a * about 10 years ago. I know why. Anybody else?
Sam would be proud.
And therefore the Great Satan himself.