Around the Net
Walmart Sales Turn Positive For Quarter
- Supermarket News, Friday, November 14, 2014 9:30 AM
Wal-Mart Stores on Thursday reported its first quarterly U.S. comparable-store sales gain in nearly two years. Unfortunately, the increases came with customer attrition and higher sticker prices. The company’s Neighborhood Market stores showed comp growth of 5.5%. Greg Foran, U.S. CEO, said the company was moving on execution of markdowns in produce which he said was improving freshness in stores. Overall U.S. sales improved by 3.4% to $70 billion for the quarter.
