Thursday, May 14, 2009

Walmart : A Dollar Store Now ?

SAN FRANCISCO (Reuters) - WalMart Stores Inc is offering aisles filled with merchandise priced at $1 and taking other steps to boost sales in its second quarter, an executive said in an interview on Thursday.

Earlier in the day, the world's largest retailer reported a flat first-quarter profit. In its current second quarter, it now faces tough comparisons with a year ago, when its results were boosted by customers spending tax rebate cash in its stores. Full Story


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