International growth helps boost Wal-Mart's Q1 profit

05/18/2010 | Bloomberg Businessweek

Wal-Mart reported a 10% jump in first-quarter profit, citing growth in China, Canada and Mexico helping make up for a drop in sales in its home country, the US. Analysts say the world's largest retailer has refocused its efforts. "They're mainly focused in the UK and parts of Asia and South America where they still are catering to that lower-income customer, and there's a great value that they are offering," said an analyst.

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