Tuesday, February 26, 2008

Wal-Mart Posts 4Percent Earnings Increase

Wal-Mart Stores Inc. expects a more profitable year selling to penny-pinching shoppers after its renewed focus on low prices paid off over the holidays with a 4 percent rise in fourth-quarter profit. The world's largest retailer, emerging from a yearlong turnaround effort after sales stumbled in 2005 and 2006, said that aggressive holiday discounts and improvements in its more than 4,000 U. S. stores boosted sales despite consumer worries. I am not surprised as I do a lot of my shopping in Wal-Mart because I don't think you can beat their prices.

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