Filed under: Insiders, Wal-Mart (WMT)

Wal-Mart Stores, Inc. (NYSE: WMT) website CEO Raul Vasquez is looking forward to a very solid holiday shopping season this year. As Doug referenced this morning, Vasquez said Tuesday that the retailer’s Halloween shopping season had been a good one and bodes well for the world’s largest retailer if consumers step up to shop for holiday goodies at the same level as they did during the just-completed Halloween holiday.

Vasquez apparently saw a tremendous amount of shopping online for holiday goodies, which is surprising since research I’ve performed before shows most customers shop for decoration items in person instead of on the web. Regardless, Vasquez’s words sounded upbeat and I agree with him that www.walmart.com will probably see a pretty decent holiday shopping season this year. Heck, it already started the madness last week.

But then, Vasquez is predicting a rise of 40% to 60% this year for Walmart.com sales compared to last year. That level sounds too much like projective cheerleading than reality since customers will most likely tighten those spending belts more than in a long time — starting now. If Vasquez is correct, a rise of that level would indeed be a coup if those numbers became actualized after December.

Continue reading Wal-Mart.com CEO wishes for happy holiday sales this season

Read | Permalink | Email this | Comments

Share This

This entry was posted on Wednesday, November 7th, 2007 at 8:27 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.