Wal-Mart increased sales in May

By: trademagazin Date: 2008. 06. 06. 00:00

Company reported a 3.9 percent increase in same-store sales in May, much better than the 1.6 percent gain that analysts surveyed by Thomson Financial expected.


Wal-Mart's better-than-expected sales
in May got a boost customers spending their government stimulus
checks, but company officials noted that its faster, cleaner and
friendlier approach to merchandising is clearly resonating with
shoppers in a challenging economy.

Including fuel sales, Wal-Mart reported
a 4.4 percent gain. The company said it expects same-store sales
growth between 2 percent to 4 percent in the current month.

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