Tuesday, February 19, 2008

Wal-Mart profit rises, revenue up (AP)



Shoppers enter the Wal-Mart store in Secaucus, New Jersey in 2007. Wal-Mart Stores, Inc. reported a modest four percent rise in quarterly profits on Tuesday despite an abrupt slowdown in US economic growth.(AFP/GETTY IMAGES/File/Jeff Zelevansky)AP - Wal-Mart Stores Inc., the world's largest retailer, said Tuesday its renewed focus on low prices paid off with a 4 percent rise in profit for its fourth quarter as holiday shoppers bought discounted groceries and home electronics as well as health and wellness products.




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