Walmart Sales increased in December!

Wal-Mart said yesterday that sales at its United States stores rose about 1.6 percent in December. Wal-Mart had forecast that sales at stores open at least a year would show no gain or rise by as much as 1 percent for the five-week period starting Nov. 25. The retailer, which is based in Bentonville, Ark., provided the December preliminary figure in a recorded call.

Sales at Wal-Mart have slackened in recent months, hurt by store renovations and a push to add fashionable clothing at the expense of basics. Starting in October, Wal-Mart cut prices on toys, electronics, home goods and groceries, and it promoted itself as the low-cost destination for holiday gifts.

Wal-Mart's shares have increased over the past couple of hours, not by much, but they have risen nonetheless. The fact remains that a slight increase in share prices doesn't indicate a boom, but it might be a trend. Therefore if people are interested in investing in a 'chain' store, Walmart might just be the one right now.

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