al-Mart outperformed during the recession and lagged last year
Written By Katrin on Friday, December 24, 2010 | 10:53 AM
Wal-Mart Stores Inc. may be a good stock to buy because the world’s largest retailer has easy comparisons this holiday shopping season, according to Adrianne Shapira, an analyst for Goldman Sachs Group Inc.
Wal-Mart outperformed during the recession and lagged last year, said Shapira, who recommends buying the stock.
In the third quarter, sales from outside the U.S. increased 9.3 percent to $26.9 billion while overall revenue gained 2.6 percent to $101.2 billion.
“Global is a tremendous opportunity,” Shapira said. International sales “will continue to grow and improve returns over time.”
The best After Christmas Sales 2010 are from stores who want to clear their holiday inventory. The stores which will be having After Christmas Sales 2010 include Academy Sports, Toys R Us, Walmart, Best Buy, JC Penney, Kohl’s, Macy’s, Target, and more!
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