Friday, May 09, 2008

Wal-Mart same-store sales top Wall Street expectations

So let's see...

Unemployment took a slight dip
Overall growth took a slight zip
Wally World is selling 'em like hot cakes

So where's this recession they've been trying to cram down our throats?

BENTONVILLE, Ark. (AP) -- "Wal-Mart Stores Inc. says sales of groceries and items such as flat-screen TVs boosted its same-store sales in April above Wall Street expectations.

The world's largest retailer said same-store sales rose 3.2 percent, easily beating Wall Street's 2.1 percent growth forecast. Including fuel, same-store sales climbed 3.8 percent.

The sales figure, which counts only stores open at least one year, is considered a key measure of a retailer's fiscal health.

Same-store sales rose 2.6 percent at namesake Wal-Mart stores and 6.6 percent at Sam's Club, excluding fuel.

Total sales for the four weeks ended May 2 rose 10 percent to $29.18 billion."

Try as they may, the Yellowstream Media and their democrat allies couldn't damage the economy anywhere near as much as they thought they could with hourly predictions of doom and gloom.

Brand spanking new Supercenter opened near us on May 7...250,000 square feet of unbridled capitalism... and there hasn't been a place to park or even one of those square feet unoccupied the last two days.

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