Comparable Store Sales Slip At Wal-Mart

Up until recently the world's largest retailer Wal-Mart Stores has managed to shrug off the downturn, growing sales internationally and in its home market by offering a combination of convenience and value. However, the firm's Q209 results are the first indication that Wal-Mart may also start to find the going tougher, with comparable-store sales at its US outlets falling by 1.5% - a long way short of the company's previous guidance of flat to positive 3% growth. Total net sales for the period were down by 1.4% but rose by 2.7% on a constant-currency basis. Meanwhile, income from continuing operations

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