Wal-Mart Comp Sales Still Lag

BENTONVILLE, Ark. Wal-Mart Stores here said its customers remain deeply affected by the economy as traffic slowed in its first fiscal quarter. Despite a 1.1% drop in U.S. comparable-store sales, however, the company said it was able to boost average basket size and achieve record overall sales and earnings for the period, which ended April 30. Mike Duke, president and chief executive officer, said

BENTONVILLE, Ark. — Wal-Mart Stores here said its customers remain deeply affected by the economy as traffic slowed in its first fiscal quarter.

Despite a 1.1% drop in U.S. comparable-store sales, however, the company said it was able to boost average basket size and achieve record overall sales and earnings for the period, which ended April 30.

Mike Duke, president and chief executive officer, said the chain's U.S. customers “are still concerned about their personal fi

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