Wal-Mart yesterday underlined its ability to emerge even stronger from the recession as the world's largest retailer reported further market-share gains, while continuing to invest in technology and improved store logistics.
The retailer's first-quarter profits were unchanged from a year ago, in part owing to the $4.8bn impact of the stronger dollar on the value of total overseas sales.
But its overall results were supported by improved profit margins at its core US stores, as new, more prosperous customers drove stronger spending on discretionary items, while its stores improved their already legendary efficiency.
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