You know things are bad when Walmart is struggling.
Here’s the story about how their U.S. chain stores are doing:
Walmart, the world’s biggest retailer by sales, racked up an eighth consecutive quarter of falling sales at its established US stores as it struggles to boost its domestic business.
The US company said sales at Walmart-branded stores open at least a year fell 1.1 per cent in the first quarter from the same period last year, as analysts said high fuel prices were deterring some shoppers from driving to Walmart outlets.
However, the company’s net profit rose 3.1 per cent to $3.6bn as international sales growth outperformed the US business.