BENTONVILLE, Ark. — Wal-Mart Stores here said its customers remain deeply affected by the economy as traffic slowed in its first fiscal quarter. Despite a 1.1% drop in U.S. comparable-store sales, however, the company said it was able to boost average basket size and achieve record overall sales and earnings for the period, which ended April 30. Mike Duke, president and chief executive officer, said the chain's U.S. customers “are still concerned about their personal finances and ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.