Wal-Mart Stores Inc on Thursday reported higher-than-expected quarterly sales at established U.S. stores, as a huge investment to bring more customers into the discount retailer paid off and a bigger push into e-commerce boosted online purchases.
Wal-Mart and analysts said the company is
benefiting from a $2.7 billion investment to increase entry-level wages
and enhance the training of its workforce, which has led to better
stocked shelves and cleaner stores. It said store visits rose 1.5
percent, the tenth consecutive quarterly increase. . . . more