date:Aug 18, 2014
around 3,300 Supercenters in the US and plans to open more Neighborhood Markets in the near future.
As well as slow traffic at Supercenters, the results were also hurt by higher health care costs as a result of a bigger uptake in the employee health care scheme than expected.
The lacklustre overall performance led Wal-Mart to cut its full year 2015 profit outlook. It now expects earnings per share between $4.90 and $5.15, down from a range of $5.10 to $5.45.
Stephen Springham, Senior Retail A