Wal-Mart plans for growth in second half

Wal-Mart's results in the US have weakened and the retailer is now looking to reverse a number of initiatives it rolled out as part of its 'Project Impact'. However, the company's results weren't all bad, with 11% sales growth in its international operations.

On the money: Wal-Mart in U-turn on Project Impact initiatives

17 August 2010

Wal-Mart announced today (17 August) that it would be reversing a number of the changes it made as part of its "Project Impact" plan, which saw it reformat many of its US stores.

US: Wal-Mart lifts profit guidance despite weak US sales

17 August 2010

Wal-Mart, the world's largest retailer, today (17 August) raised its full-year profit target despite seeing US sales fall again during its second quarter.