Top > Business > 2005 > November > 2005-11-29

Higher November Sales for Wal Mart

According to results announced Saturday by a national research group that monitors retail sales. Wal-Mart Stores Inc. was one bright spot in the crowd, reporting its sales exceeded expectations.

"Although the Black Friday number is a bit flat, this may be misleading as we`re comparing this to a very strong 2004 performance," said Michael P. Niemira, chief economist and director of research for the International Council of Shopping Centers, in a statement.

According to ShopperTrak RCT Corp., which tracks total sales at more than 45,000 retail outlets, the overall sales on Friday were relatively unchanged compared to a year ago, despite heavier discounting and expanded hours that drew a surge of shoppers to stores in the early morning hours.