Wal-Mart Cites Weakness in Apparel, Hardlines in 1Q

Wal-Mart Stores said soft sales in apparel and hardlines had a negative impact on results for the first quarter that ended April 30.

BENTONVILLE, Ark. — Wal-Mart Stores said soft sales in apparel and hardlines had a negative impact on results for the first quarter that ended April 30. While noting that overall comparable-store sales, excluding fuel, were up 0.6% during the quarter, Lee Scott, chairman, president and chief executive officer, told analysts in a conference call yesterday that comps at Wal-Mart Stores, encompassing supercenters and discount stores, dropped 0.1% — offset by comp gains of 4.7% at Sam's Clubs. Ac

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: News Walmart