In Down Economy, Wal-Mart is Up…
August 14th, 2008
The world’s biggest retailer posted a 17 percent increase in second-quarter profit today and raised its full-year earnings forecast, apparently partly of a renewed focus on its low-price message. The New York Times (Aug. 14, 2008) Wal-Mart also plans to add 80-plus stores to the 318 it currently operates in Brazil, beginning next year. The New York Times (Aug. 14, 2008)
Tags: 2Q profits, Brazil, full-year earnings forecast, Wal-Mart Stores