Federated Department Stores
said they expect September sales to be at the low end of their estimates.
Wal-Mart, based in Bentonville, Ark., recently predicted total sales growth of 4% to 6% for the period ending Oct. 4.
The company also commented on recent sales trends, saying top-selling items for the week ended Sept. 21 included home furnishings, electronics, undergarments, household chemicals and food.
For its fiscal third quarter, analysts are expecting the company to post net income of 40 cents a share on revenue of almost $60 billion, according to First Call/Thomson Financial.
Federated, based in New York, said September same-store sales will "at best" be at the low end of the 3% to 5% increase it had predicted.