The increase came in at the low end of Wal-Mart¿s expectations for a 1% to 3% gain. It¿s the Bentonville, Ark.-based retailer¿s lowest monthly same-store sales increase since April 2004,
The Wall Street Journal
Wal-Mart , the world¿s largest retailer, had been cautioning that March could be weak, because Easter falls in April this year, leaving retailers without a big March holiday or event around which to schedule promotions.
¿We expected a weaker March and anticipate a stronger April,¿ Wal-Mart said on its Web site.
Wal-Mart will release its full March report Thursday; other retailers are also expected to report monthly results that day.
Wal-Mart shares finished the week at $47.24.