Wal-Mart results hit by 'cautious shoppers'
Shares in Wal-Mart fell on Thursday after the firm revised down its sales expectations for the year.
The company said it now expected net sales to grow between 2% and 3% in 2013, compared with a previous range of 5% to 6%.
The firm said cautious shoppers had been hit by higher petrol and payroll taxes, which are similar to the UK national insurance.
Samira Hussain reports from Secaucus, New Jersey.
15 Aug 2013
- From the section Business