U.S. Comps Inch Up for Walmart in Q1, Neighborhood Market Stores Performing Well
SEAFOODNEWS.COM [Supermarket News] By Jon Springer - May 22, 2015 -
U.S. sales were up modestly in the first quarter at Wal-Mart Stores, but investments in labor kept earnings on the lower end of expectations.
The retailer said U.S. comps improved by 1.1%, boosted mainly by a 1% increase in store traffic. Net U.S. sales increased 3.5% to $70.2 billion in the quarter, which ended May 2. Total sales of $114 billion decreased by 0.1% from the first quarter last year, reflecting a 6.6% decrease in international sales (sales were up by 3.4% accounting for currency fluctuations) and a 3% sales decline at Sam’s Club...
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