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Wal-Mart gloomy on outlook
Aggregated Source: Shanghai Daily: Business

A woman with a full shopping cart heads to the checkout at a Wal-Mart store in Chicago. Wal-Mart Stores Inc offered a weak business outlook yesterday as new economic challenges for its lowincome shoppers start to take a toll. The world's largest retailer said its profit rose 8.6 percent in the three months that ended on January 31. But higher gasoline prices and late tax refunds and the payroll tax increase in the United States have it wary about the coming year.

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Copyright Shanghai Daily: Business