By George Anderson
Unusually cool weather in many parts of the US meant sales of soup and hot chocolate were hot while air conditioners cooled on the shelf in Wal-Mart for the beginning of June.
Wal-Mart's company-wide sales for the week ending last Friday were almost $5 billion despite sales of fans and air conditioners being off approximately $20 million, according to a Reuters report.
The company's Neighborhood Market format stores posted a sales increase of 11.2 percent compared with a year ago at stores open at least a year.
Wal-Mart's SuperCenters delivered the largest sales number of Wal-Mart's businesses with $2.2 billion in sales. Division One store sales were $1.2 billion, Sam's Club $700 million and international sales were $900 million.
Moderator's Comment: Will greater sales of low-ring food items offset declines in high-ticket seasonal items such as air conditioners for Wal-Mart and other broad market retailers?
Who will blink first? Watch for clearance sales if the unusual weather continues as one or more operators get nervous about being stuck with excess seasonal inventory.