Wal-Mart's 4Q earnings down from year ago
Photo credit: AP | Wal-Mart has said net income was $5.16 billion, or $1.50 per share in the three months ended Jan. 31.(Feb. 20, 2012)
Wal-Mart Stores Inc.'s business offers valuable insight into how Americans are reacting in the slow economic recovery: They will spend, but only if they believe they're getting the lowest prices.
The world's largest retailer guaranteed holiday shoppers that they'd get the lowest prices on merchandise. As a result, bargain-hungry shoppers flocked to Wal-Mart in the fourth quarter, helping it...
