Topics

Supplemental Nutrition Assistance Program
Wal-Mart sales perk up ahead of holiday
Wal-Mart sales perk up ahead of holiday

Wal-Mart Stores Inc. eked out a rare gain in an important sales measurement during the third quarter as it reported profits that beat Wall Street expectations Thursday. But the world's largest retailer issued a fourth-quarter profit outlook that missed Wall Street expectations because of expected fierce holiday discounting. The quarter also marked two full years of traffic declines at U.S. Wal-Mart stores. Macy's, J.C. Penney and Kohl's all reported results this week that show middle-income shoppers remain cautious heading into the holiday shopping season. Wal-Mart itself is a barometer of consumer spending, and its challenges reflect the struggles of its low-income...

Loading