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Feb 21, 2013

Wal-Mart U.S. shoppers feel gas pains, tax-return delay

CHICAGO/BOCA RATON, Florida (Reuters) – Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research) said on Thursday that U.S. sales weakness persisted into early February, as Americans absorbed the impact of higher payroll taxes and gasoline prices, along with slow tax refunds that put some spending on hold.

The weakness came even as the world’s largest retailer reported a bigger-than-expected profit increase, which was helped by a lower-than-anticipated tax rate. Wal-Mart also raised its dividend payout.

Feb 21, 2013

Payroll taxes, gas prices take bite out of Wal-Mart’s U.S. Sales

CHICAGO/BOCA RATON, Florida (Reuters) – Wal-Mart Stores Inc said on Thursday that U.S. sales weakness persisted into early February, as Americans absorbed the impact of higher payroll taxes and gasoline prices, along with slow tax refunds that put some spending on hold.

The weakness came even as the world’s largest retailer reported a bigger-than-expected profit increase, which was helped by a lower-than-anticipated tax rate. Wal-Mart also raised its dividend payout.