Americans are shopping…at Walmart

Meet Jet.com’s unlikely shareholder

Retail slump? What retail slump? Walmart reported profits and sales for its latest quarter Thursday morning that topped forecasts. The retail giant also lifted its outlook for the year.

Although Walmart’s sales were only up slightly overall, the company said that sales in the U.S. rose 3%. Same-store sales, which measures sales at stores open at least a year, rose 1.6% in the U.S. And earnings per share rose 12%.

Company news – CNNMoney.com

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