The stories about the death of Wal-Mart (WMT) have been disappearing over the last few months as the world’s largest retailer posted remarkable sales.
Now, there is nothing left to argue. During May, same-store sales rose 3.9% over the year-ago period. For a business the size of Wal-Mart that figure is remarkable. Worldwide revenue was up almost 10% in May, with international rising well over 16%.
The theory has emerged recently that, as a recession takes hold, shoppers will move from other chains to Wal-Mart to get lower prices.
If that is right, it is going to be one hell of a recession.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
