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Tuesday, May 17, 2011

Walmart's Shrinking Sales

You know the economy is in real trouble when even discount retail giant Walmart is struggling to maintain sales. I just recently got a Sam's Club memebership, but don't personally shop there much, however, Sam's Club sales, which make up 12% of Walmart's total, are helping the company as they the warehouse division improves its sales and goes more upscale to compete better with their rival warehouse store, while flagship Walmart is losing same store sales.

...U.S. Wal-Marts are expected to post another quarter of shrinking sales at stores open at least a year, the eighth such decline in a row.- Sam's Club Buoys Retail Giant

Wal-Mart Leans on Overseas Business

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