Wal-Mart sales still slide

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tuesday 22 February 2011 8:53 pm whatsapp whatsapp Share Show Comments ▼center_img Wal-Mart sales still slide WAL-MART yesterday posted its seventh consecutive quarterly drop in sales at established US stores and said it will take some time to turn things around in its biggest market.The world’s largest retailer, whose shares closed down 3.1 per cent, has struggled with pricing as it has lost customers to cheaper stores while recovering from a poorly executed decision, since reversed, to pare down the number of items it offered.“Some of the pricing and merchandising issues in Wal-Mart ran deeper than we initially expected, and they require a response that will take time to see results,” Wal-Mart chief executive Mike Duke said.Fourth quarter like-for-like sales at US?stores fell by 1.8 per cent. The retail giant posted earnings per share of $1.34 (83p) before one-off items, against ?expectations of $1.31. Total fourth quarter sales of $115.6bn missed Wall?Street expectations of $117bn. Meanwhile, staff at Asda, the British supermarket chain owned by Wal-Mart, will share in a £27m bonus pot.Asda helped boost its parent company’s international sales nine per cent. KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: NULLlast_img

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