Wal-Mart Stores Inc.: The Bentonville, Ark.-based retailer...
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Wal-Mart Stores Inc.: The Bentonville, Ark.-based retailer said first-quarter net income rose 29% to $198.2 million and revenue climbed 25% to $5.37 billion from a year ago. The company said: “First quarter sales, driven by improved apparel sales and basic in-stock positions, ran above plan throughout the period.” At April 30, the company had 1,279 Wal-Mart stores, 106 Sam’s Wholesale clubs, 14 Dot Discount Drugstores and three Hypermart USA units.
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