Retailer Wal-Mart Stores, Inc. (NYSE:WMT), reported a rise in same-store sales for the first time covering a period of 7 quarters. The company’s new and existing stores generated a quarterly sales of about $119 billion, up from $112 billion, pushed by demand for apparel and home goods. A 5.5% comparable sales growth in the company’s…
Wal-Mart Stores, Inc. (WMT) Bolsters Food Safety in China, Asia Chief Announced
Wal-Mart Stores, Inc. (NYSE:WMT) will concentrate on food safety to bolster its profitability in China. In an interview with Reuters, Scott Price, Wal-Mart’s chief executive in Asia said that the company’s 400 stores in China would benefit if the company would drive its efforts on the issue of food safety. Food safety scandals has haunted…
Wal-Mart Stores, Inc. (WMT) Forecasts 2-3% Growth, Tries to Increase The Efficiency Of Services
Wal-Mart Stores, Inc. (NYSE:WMT) is among the stores that have felt the economic heat and have reduced their 2014 revenue guidance. The U.S. largest retailer on Wednesday told investors that it expects 2014 sales revenue to fall between $482.6 billion and $487.3 billion, citing tougher sales environment. The company said that it forecasts a 2-3%…