Sales of food and general merchandise were both above plan, and gift card redemption was up "significantly" over last year, according to the company's weekly sales summary. The strongest region for the retailer was the Midwest.
As is the case with most retailers, Wal-Mart will officially report its December sales on Thursday. The International Council of Shopping Centers has predicted a year-over-year jump of 3.5% to 4% for chain stores in December.
Meanwhile, Wal-Mart is planning its first New York City store, in a development Vorando Realty Trust is building in Rego Park, Queens. The unit could open some time in 2008.
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