Walmart Posts 3 Percent Rise In 3Q Profit
STEVE INSKEEP, host:
NPRs business news starts with Wal-Mart still going strong.
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INSKEEP: Wal-Mart says sales increased in the recent quarter. The worlds largest retailer came out with its financial earnings report today. It made $98.7 billion in sales in the latest three-month period, which is up slightly from this time last year. And, Wal-Mart says, the figures wouldve been even better had it not been for a few factors like price deflation - prices actually went down and also the weak dollar. Wal-Mart CEO Mike Duke said increased productivity and improved inventory management contributed to the strong financial performance.
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