Sales Drop Again at Walmart neshoppersclub/blog.html By Anne DInnocenzio: Posted on Thursday, November 14, 2013 11:18 AM Wal-Mart Stores (WMT) says that its third-quarter profit rose 2.8 percent, but the worlds largest retailer reported a sales shortfall as its low-income shoppers feel squeezed around the globe. The discounter also cut its outlook for the full year and issued fourth-quarter profit guidance that was below analysts projections. Wal-Mart is considered an economic bellwether because the retailer accounts for nearly 10 percent of nonautomotive retail spending in the U.S. The latest results..........
Posted on: Thu, 14 Nov 2013 17:02:05 +0000
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