Sales Momentum Continues at Wal-Mart

TORONTO — Wal-Mart Stores has carried its sales momentum from the fourth quarter into the new fiscal year, with sales and traffic at its U.S. stores remaining positive in February and March, Duncan Mac Naughton, executive vice president of merchandising for the Bentonville, Ark.-based retailer, said Wednesday at the CIBC World Markets Retail and Consumer Conference here.

Mac Naughton said an effort

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