, the nation's largest retailer, are tracking in line with company projections for February, the company said Monday.
For the fourth week of February, Bentonville, Ark.-based Wal-Mart said that its weekly same-store sales, which measure activity in shops open at least a year, were on plan for a 3% to 5% increase for the month. The company said the average price for its goods was strong, indicating that clearance sales in the wake of the dismal holiday season may be on the wane. In addition, the company said electronics were among its strongest selling items. As a barometer of consumer spending, this is good news, as the higher-end electronics category hasn't been singled out by the company recently as particularly hot. Wal-Mart has one more week in its February sales period. Shares recently traded at $50.88, up 60 cents.
Meanwhile, Plano, Texas-based
gave mixed reviews for sales at its three divisions. In its department stores, comparable-store sales in the fourth and final week of its February sales calendar came in at the low end of plans for a low-single-digit decline. Women's accessories, men's apparel and women's apparel were its top-selling categories. Catalog sales lagged plans for a high-single-digit decline, while drug store sales were above plans for a high-single digit increase in comparable-store sales. J.C. Penney shares recently traded up 64 cents at $14.54.
Sales figures at
, the other top retailer that typically releases weekly sales figures, were not immediately available. Previously, the company said its sales were below plans for a 1% to 3% increase in same-store sales. Kmart shares were off 8 cents at $9.11.
Most retailers report same-store sales figures monthly, typically on the first Thursday of each month.