Thursday, April 29, 2010

Wal-Mart, Deviating from Its Fundamental Strategy, Suffered Negative Same-Store Growth

Wal-Mart, the world's largest retailer, has seen better days. Yes, profits rose 22%, to $4.63 billion, in the fourth quarter of '09. Even coming out of the Great Recession, many consumers are trading down to shop at the discount superstore. However, for the third straight quarter the store saw negative same-store sales growth; during the last three months of 2009, same-store sales dropped 2%. Overall traffic in Wal-Mart stores was down too…


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