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Wal-Mart Posts Flat 1Q Profit
Wal-Mart Stores, Inc. reported a flat first-quarter profit due to its international operations being hurt by the stronger dollar. Its revenue fell 0.6 percent to $93.47 billion, from $94.04 billion a year earlier; it earned $3.02 billion, or 77 cents per share, for the period ended April 30, which was flat from a year earlier. -
April Was Cruel Month for BJ’s, Costco; Not So Bad for Target, Wal-Mart
While big-box retailers BJ’s and Costco had a tough time in April as net and comparable-store sales tumbled during a time of economic recession and plummeting gasoline sales, Target managed to stem its recent sales declines and Wal-Mart actually saw higher sales during the month, driven by increased traffic and a strong showing in seasonal and discretionary items.