Wal-Mart sees modest profit gain in 'volatile economy'
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Wal-Mart Stores, Inc. reported a modest four percent rise in quarterly profits on Tuesday as the world's biggest retailer appeared to weather an abrupt slowdown in US economic growth.
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U.S. blue chips were near the  unchanged mark on Monday as a disappointing sales forecast from  retailer Wal-Mart Stores Inc. WMT.N dampened sentiment,  offsetting the benefit of easing oil prices.
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Wal-Mart Stores Inc.  said on Thursday it expects little improvement in December sales at its stores open at least a year as it struggles with disappointing demand for clothing and home decor.
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The nation's retailers delivered more evidence of a stumbling economy Thursday, as merchants including Wal-Mart Stores Inc. reported weak January results, extending a malaise that has deepened since the holiday shopping season.
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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) on Thursday said third-quarter sales were weaker than it had planned but earnings will be at the high end of its estimated range because of improved margins and a better tax rate.
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Wal-Mart Stores Inc. ,  the world's biggest retailer, on Tuesday raised its profit forecast for the full year.
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U.S. factories saw orders for costly manufactured goods rise only marginally in November Â falling short of expectations for a much bigger gain and underscoring the strains on the economy from housing and credit problems.
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A slowing  economy may be a drag on corporate profits, some analysts say.
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Wal-Mart continues to show slow sales growth, but it isn't resting on its laurels.
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Wal-Mart reported a better-than-expected 9.8 percent increase in fourth-quarter profit yesterday, helped by new strategy and cost-control measures at its flagship U.S. stores division.
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U.S. stocks were little changed on   Wednesday after a profit warning by Costco Wholesale Corp.   COST.O raised concerns about consumer spending, while U.S.   second-quarter economic growth was revised upward.
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The retailer posts modest gains in total sales and comps.
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Wal-Mart Stores Inc.  posted higher-than-expected quarterly profit on Tuesday after the world's biggest retailer cut prices on hot items like toys and electronics to lure customers during the holiday shopping season.
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The book retailer's earnings were ordinary, but its growth outlook looks enticing.
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A gauge of future economic activity rose modestly in January, an industry-backed trade group said Wednesday, suggesting the U.S. economy will continue to post modest gains in the coming months.
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By Vicki Lee Parker, The Sun News, Myrtle Beach, S.C.  Feb. 21--UNITED STATES   RETAIL   Wal-Mart's profit-increase beats expectations   Washington -- Wal-Mart Stores Inc.
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Wal-Mart de Mexico SA, the country's largest retailer, reported a 7 percent increase in second-quarter net profit after inflation, even as same-store sales grew less than 1 percent due in part to a slowdown in consumption.