Walmart suffered its fifth successive decline in sales in the second quarter, hit by weak economic conditions and a rare operational misstep by the world's largest retailer.
The company sounded a cautious note on trading outlook, saying the slow economic recovery would continue to affect its largely low-income customers. However, it expected sales at its core US business to start growing again by the holiday quarter to January 31.
The retailer said comparable sales at its more than 3,500 Supercenters and discount stores had fallen 1.8 per cent during the second quarter against a year ago.
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