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Wal-Marts’ (WMT) same-store sales were up more than most analysts thought they would be, rising 2.9% in the four weeks ending July 7.
Grocery sales did well, but electronics did better. "Sales of flat panel televisions, MP3 players, video game hardware and accessories, laptops and desktop computers had significant year-over-year gains. Computer sales were fueled by the introduction of select Dell computers now sold at Wal-Mart stores and Sam’s Clubs throughout the United States."
Particularly good news for Dell.
Wal-Mart’s stock is up 1.3% in the pre-market. Dell’s shares are rising .35%.
Douglas A. McIntyre
W
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