BENTONVILLE, Ark. — Wal-Mart Stores said soft sales in apparel and hardlines had a negative impact on results for the first quarter that ended April 30. While noting that overall comparable-store sales, excluding fuel, were up 0.6% during the quarter, Lee Scott, chairman, president and chief executive officer, told analysts in a conference call yesterday that comps at Wal-Mart Stores, encompassing supercenters and discount stores, dropped 0.1% — offset by comp gains of 4.7% at Sam's Clubs. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.