Walmart Suffers First U.S. Sales Decline
February 19th, 2010Via: Financial Times:
Walmart has suffered its first fall in quarterly sales at its US discount stores, underlining the challenges facing future growth in its home market as the economy recovers.
In the important holiday quarter ending on January 31, net sales at Walmart’s 3,400-plus US stores fell 0.5 per cent year-on-year to $71bn (€52bn). Comparable store sales declined 2 per cent. Customer traffic also fell.
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