It's no secret that a meaningful percentage of the country's retail business goes on under the roof of Wal-Mart's (NYSE:WMT)
stores. To that end, when consumers are feeling pressure (particularly
those on the less affluent side of the ledger) it shows up in Wal-Mart's
numbers. This gigantic retailer didn't have a bad fiscal first quarter,
and it sounds like the fiscal year ahead should get better, but once
again Wal-Mart is having to turn to operating synergies to wring out
some growth. This stock's status as a proxy for the U.S. retailing
sector makes talk of value somewhat moot, but these shares don't look
notably cheap on a long-term basis.
Continue reading here:
http://www.investopedia.com/stock-analysis/051713/walmart-uses-rigorous-cost-control-offset-weaker-sales-wmt-tgt-kss-jcp.aspx
No comments:
Post a Comment