Retail

The Wheels Come Off At Wal-Mart (WMT)

It was a brutal January at Wal-Mart (NYSE: WMT). US same-store sales rose .5% with sales at the flagship Wal-Marts stores up only .2%.

"Comparable store sales in the United States for the February four-week period are estimated to be between flat and two percent," said Tom Schoewe, executive vice president and chief financial officer.

Revenue for the period rose 7.9% worldwide to $27.3 billion, driven mostly by international revenue which rose 20.8% to $7.2 billion.

Douglas A. McIntyre

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