Wal Mart Two Straight Years Of Sumping U.S. Sales
Posted in the Tehachapi Forum
#1 Jun 3, 2011
Wal Marts U.S. business, which still accounts for 62% of its $419 billion in annual revenue, has reported declining sales at stores open at least a year for two consecutive years, the worst such slump in company history.
Wal-Mart's shares have been nearly flat for the past decade, gaining only about 3.5%, as the company has begun running out of places to build new supercenters in the U.S. and slowed down new store openings.
The company continues to buy back shares to reward skittish investors.
Analysts said Wal Mart tries to lure shoppers back from dollar stores and other easier-to-shop competitors.
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