Report: Wal-Mart U.S. sales momentum continues
Bentonville, Ark. -- Wal-Mart Stores chief merchandising officer Duncan MacNaughton said during a CIBC conference on Wednesday that Wal-Mart’s domestic sales momentum has continued over the last two months. The world’s largest retailer registered a same-store sales rise of 1.3% in U.S. stores in the third quarter and a 1.5% increase in the fourth quarter. Results reversed a nine-quarter streak of same-store sales declines. According to MacNaughton, the momentum continued in February and March, as well.