Retail in Asia

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Health costs, weak store traffic hinder Walmart

The world’s largest retailer is having a hard time returning to growth and doesn’t expect sales to improve in the US for much of the rest of the year. Wal-Mart Stores Inc. cut its earnings guidance for the year after it posted its seventh straight quarterly decline in US store traffic and said growth in online sales would slow.

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(Source: The Wall Street Journal Online)