All's Well at Wal-Mart8 May, 2009 By: Thomas K. Arnold
Wal-Mart just reported a 7.7% increase in sales for April, to $19.3 billion, while same-store sales in the United States grew a healthy 5.9%. The discount chain, the country's No. 1 seller of DVDs, attributed the strong showing to increased traffic and higher discretionary spending in such categories as entertainment. For the 13-week period that ended May 1, sales at Wal-Mart were up 5.8% from the comparable period last year. Wal-Mart says it will announce results for the first quarter of its fiscal year 2010, which ended April 30, on May 14. The company says it expects to report total net sales for the quarter of $93 billion.