After the market closed, Target warned the November sales would be below forecast.

Discount retailer Target Corp. said on Monday its November sales at stores open at least one year would be below its forecast of a 4 percent to 6 percent increase.

[MSN Money]

But Walmart during its conference call are very upbeat about the current quarter and the coming fiscal year 06.

…But the conference call was marked by a noticeably more upbeat assessment of the current quarter and the next fiscal year than recent calls.

“Even with the lingering impacts of the hurricanes and the impact of higher energy prices, I believe we will have a good holiday season,” Scott said.

[MarketWatch]

So, What’s going on? Who should we believe? Is Target’s lower forecast company specific? In any case, the retailers will be hurt tomorrow.

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