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Wal-Mart Same-Store Sales Rise 3.2% in April
posted 9:14 am Thu May 08, 2008 - Bentonville
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Bentonville-based Wal-Mart says sales of groceries and items such as flat-screen TVs boosted its same-store sales in April above Wall Street expectations.
The world's largest retailer says same-store sales rose 3.2%, easily beating Wall Street's 2.1% growth forecast. Including fuel, same-store sales climbed 3.8%.
The sales figure, which counts only stores open at least one year, is considered a key measure of a retailer's fiscal health.
Same-store sales rose 2.6% at namesake Wal-Mart stores and 6.6% at Sam's Club, excluding fuel.
Little Rock-based Dillard's department store chain reported April sales in stores open at least a year dropped by 4%.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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