Higher Customer Traffic Boosts Wal-Mart’s Sales; Margins Under Pressure
Wal-Mart Stores Inc (WMT. N) on Tuesday reported higher-than-expected U.S. sales, helped by more customer visits to its stores and accelerating online activity, and shares of the world’s largest retailer rose more than 3 percent. Investors shrugged off an 8 percent drop in gross profit margins stemming from Wal-Mart’s continued efforts to cut prices to … Read more