USA: Wal-Mart releases Q4, full year results, upbeat about recovery of US consumer spending
The largest retailer in the world, US-based Wal-Mart Stores has posted a 4.5% increase in profit during the forth quarter. The gradual slowing of the US economy during the holiday period did cool results, but the company is confident that consumer spending will not slide further. In fact, total sales in the period rose 10% year on year to US$56.556bn.
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