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Sales soft, but Walmart beats profit forecast
Walmart overcame a meager 1% same stores sales increase at U.S. stores to deliver better than expected fourth quarter profits on Thursday.
The company said total sales increased 3.9% to $127.1 billion compared to $122.3 billion last year. Without the benefit of a favorable currency exchange situation, sales would have increased a lesser 3.7% to $126.8 billion. Full year sales increased by 5% to $466.1 billion compared to last year’s total of $443.8.
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OfficeMax.com named best of the Web
NAPERVILLE, Ill. — Office Max's retail website, OfficeMax.com, was named a 2012 Best of the Web award winner. The fourth annual Best of the Web Compuware Application Performance Awards showcase leaders in web and mobile site performance across several major industries nationwide.