Wal-Mart (WMT Quote) said Saturday that U.S. same-store sales fell 0.1% in November from a year ago.
The Bentonville, Ark. retail giant had forecast "flat" sales for November. A key industry metric, the same-store figure measure the change in sales at stores that have been open for at least one year.
November's decline follows a paltry 0.5% same-store sales increase in October, which Wal-Mart had blamed on unusually strong sales in October 2005, when consumers in some regions scrambled to purchase items in the wake of Hurricane Katrina.
Wal-Mart didn't offer any explanation for November's results in Saturday's announcement. The company plans to issue a complete November sales report Thursday, when most other large retailers also plan to disclose monthly sales. ...
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