Wal-Mart Holiday Sales Exceeded Expectations - KAIT Jonesboro, AR - Region 8 News, weather, sports

Bentonville, AR

Wal-Mart Holiday Sales Exceeded Expectations

BENTONVILLE, AR - Wal-Mart was among the few bright spots in a weak holiday shopping season last month.  The giant retailer posted sales results for December that exceeded Wall Street expectations.

The company benefitted from shoppers who traded down to cheaper stores amid higher gas prices and a slumping housing market.  Wal-Mart posted a 2.4 percent increase in same-store sales.  That exceeded the 1.8 percent forecast of analysts polled by Thomson Financial.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

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