date:Aug 18, 2014
Wal-Mart has reported sluggish figures for the second quarter, but has managed to post a slight profit.
It had $120.1 billion in net sales in the second quarter, which is an increase of 2.8 per cent on the same quarter from the previous year. Net income was up slightly by 0.6 per cent to $4.1 billion.
However, comparable store sales were flat and traffic was negative for the seventh quarter in a row.
The retailer is doing better when it comes to e-commerce and smaller stores. Global e-commerc