date:Feb 21, 2014
retailers and there's little doubt that the UK retail market is undergoing significant and permanent structural change.
Though the economy is showing signs of recovery, it is still susceptible to shocks and the benefit is not yet being felt right across the country.
In related news, Walmart itself reported a 22% drop in quarterly profit and given a weaker-than-expected earnings forecast for the coming year.
Net income for the three months to 31 January fell to $4.4 billion (2.6bn) from $5.6 b