by BabyPeanut » Tue 15 Nov 2005, 15:42:04
$this->bbcode_second_pass_quote('', '[')url=http://www.businessweek.com/ap/financialnews/D8DT2PPG3.htm?campaign_id=apn_home_down&chan=db]Target shares drop on tepid sales outlook (link)[/url]
The Associated Press/NEW YORK
NOV. 15 1:45 P.M. ET Target Corp. shares sank more than 7 percent on Tuesday, a day after the discount retailer gave a tepid November sales forecast.
$this->bbcode_second_pass_quote('', '[')url=http://www.washingtonpost.com/wp-dyn/content/article/2005/11/14/AR2005111401389.html]
Wal-Mart's Quarterly Profit Growth Slows (link)[/url]
3 Hurricanes Close Nearly 300 Stores, but Retailer Still Achieves Record Results
By Ylan Q. Mui
Washington Post Staff Writer
Tuesday, November 15, 2005; Page D02
Wal-Mart Stores Inc. yesterday reported its lowest quarterly earnings growth in four years, reflecting costs from three powerful hurricanes and higher energy prices. But analysts remained optimistic that sales during the holiday shopping season would be strong.
...skip...
...high fuel prices increased the company's operating costs -- and may have made shoppers think twice about pulling out their wallets. Wal-Mart's many low- to middle-income customers are the most likely to be affected by the rising gas prices.