Wal-Mart Stores, Inc. reported single-day sales for Friday, Nov. 24, of more than 1.1 billion at the company’s domestic Wal-Mart Stores, Supercenters and Neighborhood Markets. Sales for the day on a comparable basis were in the upper mid-single-digit range.
Wal-Mart’s Holiday Blitz, an annual 5-hour day-after-Thanksgiving event, drew heavy traffic to its stores. Top-selling items throughout the Blitz included home electronics, toys and apparel.
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“We’re pleased with the results of yesterday’s Holiday Blitz, which involved tremendous planning, coordination and hard work on the part of all associates,” said Tom Schoewe, Wal- Mart’s chief financial officer. “We believe the heavy traffic into our stores and the brisk single- day sales demonstrate that consumers are looking for the kind of value and customer service that Wal-Mart delivers every day.”
Schoewe added that the company continues to believe comparable sales for the fourth quarter will be in the 3-5 percent range. November sales for the four-week period ending Nov. 24 will be released on Thursday, Nov. 30.
As of Oct. 31, 2000, the company had 1,723 Wal-Mart stores, 866 Supercenters, 469 SAM’S Clubs and 15 Neighborhood Markets in the United States. Internationally, the company operated units in Argentina (11), Brazil (18), Canada (169), China (8), Germany (95), Korea (6), Mexico (483), Puerto Rico (15) and United Kingdom (240). Wal-Mart employs more than 885,000 associates in the U.S. and 255,000 internationally. Its securities are listed on the New York and Pacific stock exchanges.
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