Why Did Wal-Marts Same-Store Sales Drop Unexpectedly?
Without a doubt, as the world’s largest retailer, Wal-Mart’s performance tends to be carefully analyzed and scrutinized. And until recently, it looked like Wal-Mart was going to unquestionably withstand the recession significantly better than many of its competitors. As Wal-Mart reported its second quarter earnings this morning, however, a few things became clear. The company has remained profitable, even slightly beating analysts’ estimates, and increasing very gradually from the year before. However, a few key figures slipped unexpectedly, and this has caused some individuals to question whether Wal-Mart is actually as stable as they had believed.
