Wal-Mart stock hits new high as U.S. strength continues

Wal-Mart Stores Inc (WMT.N) shares hit an all-time high on Wednesday, as the world's largest retailer said it is seeing growth in both large and small U.S. stores and has had a strong start to layaway sales ahead of the holiday season.

Walmart U.S. has lined up $400 million in U.S. layaway sales in less than a month, half of the amount shoppers put on hold for all of the 2011 holiday season, as the chain makes a concerted push to entice shoppers before the typical start of the holiday season.

Shares of Wal-Mart reached as high as $76.66 on Wednesday as the company held its annual meeting with analysts and investors, which was also broadcast over the Internet.

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- Posted: 2012-10-10 13:39:21

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