Wal-Mart’s US sales fall 0.5% in Q4; overseas sales up 19.5%
Wal-Mart’s US sales fall 0.5% in Q4; overseas sales up 19.5%

After having reaped substantial benefits by attracting hordes of value-conscious customers during the economic downturn, the discount chain Wal-Mart Stores has reported a fall in its domestic market sales during the fourth quarter.

In spite of a 4.6 percent increase in its overall sales, the biggest challenge that the world’s leading retailer faces in the present times is to work out a way to retain the new-found customers in the wake of the turnaround in the economy.

Noting that conditions in the US remained “challenging,” Wal-Mart reported a 0.5 percent fall, to nearly $71 billion, in the sales of its US chain. However, the retailer’s overseas sales jumped 19.5 percent, to $29.6 billion, with Chile showing notable robustness.

The increase in Wal-Mart’s international sales, coupled with rigorous cost-cutting measures undertaken by the retailer, helped the fourth-quarter profit of the company increase by 22 percent.

While the fourth quarter year-before earnings of Wal-Mart stood at $3.8 billion or 97 cents per share, the earnings’ figures this time round were $4.6 billion, or $1.22 per share. The fourth-quarter revenue of the retailer also rose 4.6 percent to $112.8 billion.

Latest News

Father Shoots Girl’s Laptop, Posts Video on Youtube
Apple Begins Inspection
Researchers Blame Technological Advancements For Kids’ Poor Sleeping Pattern
The Google Motorola Deal Approved By US and EU
Replace Sugary Drinks with Water to Lose Weight
NASA Scientists Develop New Space Testbed
Scientists Expecting Life at Icy Dark and Cold Regions
Mysteries Behind Milky Way Galaxy To Be Unveiled
Scientific Equation behind the Shape of Ponytail Unveiled
Cooma People Encouraged To Donate Blood
Knox Receives Less Dental Care Funding
Massive Fight in Sydney Club