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While Walmart’s sales in US declined, in the international market, Walmart enjoyed a 10% growth. Walmart’s experienced a 10% increase in its first-quarter profit due to increase in sales in countries such as Mexico and China.
Walmart recently experience a 1.4 percent drop in sales in US market. However, to counter the decline, Walmart expanded its business in foreign market. Apparently, US customers are still worried about personal finances, gas prices and unemployment.
Walmart is among several retailers such as Home Depot and Sakes that have reported profits contrary to analysts’ predictions.
Posted by admin @ 19 May 2010
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