BENTONVILLE, Ark. — Wal-Mart Stores here said Thursday sales of food, pharmacy and other consumables at its U.S. stores were essentially flat for the fiscal year that ended Jan. 31, but the company expects to see improvements before mid-year.
“Deflation continued to have an especially onerous impact on comparable sales for the year, dropping by more than 300 basis points from the inflation we experienced late last year,” Eduardo Castro-Wright, vice chairman, said. "But the trends are ...
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