Tuesday, February 19, 2008

Wal-Mart profit rises, revenue up (AP)



A man reaching for a shopping cart outside a Wal-Mart store. Top US retailer Wal-Mart on Friday drove another nail a coffin for Toshiba's HD DVD video disks by announcing it would shift to exclusively selling Japanese rival Sony's format Blu-ray.(AFP/Getty Images/File/Tim Boyle)AP - Wal-Mart Stores Inc., the world's largest retailer, said Tuesday its renewed focus on low prices paid off with a 4 percent rise in profit for its fourth quarter as holiday shoppers brought discounted groceries and home electronics as well as health and wellness products.




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