Wal-Mart blames late Easter for slow sales

Wal-Mart Stores reported March sales Thursday that were much softer than analysts' forecasts, citing an "Easter calendar shift" that it expects to push holiday-related purchases into April.

Wal-Mart (WMT, Fortune 500), the world's largest retailer, said sales at its stores open at least a year, a key measure of performance known as same-store sales, rose 1.4% last month.

Analysts, on average, had expected the company to post an increase of 3.2% in March, according to sales tracker Thomson Reuters.

Read Full Article from CNNMoney.com

- Posted: 2009-04-09 08:29:34

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