Wal-Mart Feb same stores sales up

Wal-Mart Stores Inc,. the world's largest retailer, on Thursday reported a lower-than-expected 0.9 percent rise in February sales at its U.S. stores open at least a year. Analysts, on average, had been expecting a same-store sales increase of 1.7 per cent, according to a Reuters survey. Wal-Mart itself had forecast a rise of 1 per cent to 2 per cent. The retailer said net sales for the four weeks ended March 2 rose 8.1 percent to $26.79 billion.

Courtesy: EconomicTimes
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