USA: Wal-Mart posts 8.7% rise in November sales
US retail titan Wal-Mart has reported an 8.7% increase in total company sales for November.
The company said sales for the four weeks to 26 November were US$23.5bn, compared to $21.7bn in the corresponding period of the previous year.
Sales at Wal-Mart stores in the US rose 6.6% to $15.7bn, while sales at Sam's Club increased 5.3% to $3.0bn. International sales leapt 18.8% to $4.8bn.
Total US comparable sales edged up 0.7%, including a 0.3% increase in comparable sales at Wal-Mart stores and a 2.9% increase at Sam's Club stores.
For the December five-week period, Wal-Mart said it expects comparable sales for the US to be up in the 1 to 3% range.
Wal-Mart, the world's largest retailer, operates throughout the US, as well as in Argentina, Brazil, Canada, China, Germany, Mexico, Puerto Rico, South Korea and the United Kingdom. Wal-Mart also owns approximately 37% of Japanese retailer Seiyu.
Companies: Wal-Mart Stores
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