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Comment: Wal-Mart fails to capitalise on Target weakness

2014-02-03 16:26:00| Daily apparel & textile news and comment - from just-style.com

News Wal-Mart has lowered its full-year earnings forecast reflects more than the drag of store closures as it adjusts its international portfolio. The US retail giant is struggling to grow its top-line at home and lower fourth-quarter comparable domestic sales suggest it failed to capitalise on the data breach scandal that hit key competitor Target Corp., Katy Askew suggests.

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