Walmart Inc. said sales rose at the fastest rate in over a decade as the world’s largest retailer continues to draw more people to stores and benefit from strong consumer spending boosting performance at many retailers.
Sales at existing U.S. stores and websites rose 4.5% during the second quarter ended July 31. Walmart also said it expects sales and profit to rise more than previously expected during the current fiscal year. Sales in existing U.S. stores will rise 3%, the retailer said.
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