Wal-Mart: Deflation hurts sales
Executives forecast 1% to 2% growth this year, a stronger ’10
Posted: October 23, 2009 at 4:36 a.m.
A customer shops for tomatoes at the Sam’s Club warehouse in Bentonville in June.
Wal-Mart Stores Inc. executives said Thursday that they expect sales to grow by only 1 percent to 2 percent in the current fiscal year, in part because of price deflation brought on by the recession.
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Business, Pages 31 on 10/23/2009
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