Wal-Mart Reports Rise in Same-Store Sales
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From Bloomberg News
Wal-Mart Stores Inc., the world’s largest retailer, said sales at stores open at least a year rose last week and maintained its forecast for a January gain of 2% to 4%.
Sales of items such as bedding, men’s clothing, outerwear, electronics and food rose in the week ended Jan. 17, Wal-Mart said. The discount retailer opened seven neighborhood-market stores in the week.
Wal-Mart’s sales were below or at the low end of its estimates in five of the last six months.
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