Neighborhood Markets highlight slow Q1 performance at Walmart

While severe winter weather impacted overall sales and profits, Wal-Mart Stores on Thursday boasted that comparable-store sales at its Neighborhood Market division increased by around 5% in the fiscal first quarter, “validating our strategy to accelerate unit growth,” officials said.

Bill Simon, CEO of Walmart U.S., said a 4% increase in traffic drove the comps at Neighborhood Markets, the company’s grocery-drug combinatio

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