Wal-Mart Sales Rise as Economy Sinks

Bentonville, AR, Dec. 4, 2008--Wal-Mart Stores said sales rose 3.4 percent in November at U.S. stores open at least a year.

The world's largest retailer has been gaining market share during the U.S. recession and is expected to outperform competitors this holiday season

Chief Financial Officer Tom Schoewe said the company now expects December same-store sales "near the high end of our previously stated fourth quarter guidance of one to three percent."

Wal-Mart said net sales in the month ended Nov 28 rose 1.6 percent to $32.21 billion.