Walmart bracing for holiday competition

Greg Foran, the new U.S. CEO of Wal-Mart Stores, said Tuesday he was “reasonably happy” with recent sales trends and “cautiously optimistic” that the retailer would continue to build on that momentum during the holiday season. Foran made his remarks at a “Black Friday preview” event held for journalists at a Walmart Supercenter in North Bergen, N.J., Tuesday.

Officials of the retailer used the occasion to announce a plan t

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