Wal-Mart Expects Slower Sales Gains

Wal-Mart has released a sales forecast for its fiscal year ending January 31 stating that the retailer expects to see a 1 to 2 percent gain in annual sales, a figure that marks a sharp slowdown from Wal-Mart’s previous forecasts. However, Wal-Mart expects its sales to rebound in the following year, seeing sales rise 4 to 6 percent.
In addition to expecting larger sales, Wal-Mart also anticipates to spend an additional $1 billion this year over last as it continues to upgrade its stores and to expand its business into new markets. Wal-Mart has stated that it does not expect any …read more