logo
  Join        Login             Stock Quote

Walmart U.S. (WMT) Reports 'Best Ever' Black Friday Events

 November 23, 2012 01:07 PM
 


(By Balaseshan) Wal-Mart Stores Inc. (NYSE: WMT) announced that Walmart U.S. had its "best ever" Black Friday events, saying it sold 1.8 million towels, 1.3 million televisions, 1.3 million dolls and 250,000 bicycles since 8 pm.

Walmart's Black Friday plan included three events this year at 8 pm, 10 pm and 5 am. During the high traffic period from 8 pm through midnight, Walmart processed nearly 10 million register transactions and almost 5,000 items per second.

"We had very safe and successful Black Friday events at our stores across the country and heard overwhelmingly positive feedback from our customers. I'm so proud of what our more than 1.3 million associates have done to prepare and execute our Black Friday plans, giving our customers a great start to their Christmas shopping season," said Bill Simon, Walmart U.S. president and chief executive officer.

[Related -Macy's, Inc. (M): The One Department Store Stock You Can Trust]

In response to the UFCW's planned protests, Simon added, "Only 26 protests occurred at stores last night and many of them did not include any Walmart associates." In addition, the company did not experience the walk-offs that were promised by the UFCW.

"We estimate that less than 50 associates participated in the protest nationwide. In fact, this year, roughly the same number of associates missed their scheduled shift as last year," Simon said.

The company said Black Friday is just the start to a full holiday season of savings at Walmart.

WMT is trading up 1.70% at $70.06 on Friday. The stock has been trading between $56.32 and $77.60 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageWinter is Coming! Here's My Favorite Seasonal Trade

Over the years, I've been successful trading weather patterns as they relate to commodities such as crude read on...

article imageHow To Avoid 5 Common Investing Mistakes

When it comes to successful investing, the field of behavioral finance has shown that sometimes the worst read on...

article imageSector Detector: Bulls Go Down Swinging, Refusing To Give Up Much Ground

Although the stock market displayed weakness last week as I suggested it would, bulls aren’t going down read on...

article imageThe Bumpy Road Ahead To Policy Normalization

When the dust clears from tomorrow’s Fed announcement, the crowd’s expecting that the slow but persistent read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.