Wal-Mart suffers sales decline in key quarter

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Wal-Mart Stores posted a quarterly profit Thursday that beat Wall Street’s expectations, but the retailer’s store sales dropped during the period that included the all-important year-end holiday sales.

Wal-Mart, the world’s largest retailer, said fourth-quarter sales at its stores open at least a year – a key gauge of retailers’ performance known as same-store sales – fell 1.6% compared to a 2.4% increase for the same period a year ago.

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