Recession lingers in Wal-Mart's aisles

05/18/2011 | New York Times (tiered subscription model), The

Signs of economic trouble are abundant at Wal-Mart Stores, where customers are spending more on food than in recent months but cutting back on nearly everything else. Same-store domestic sales for the first quarter dropped 1.1%, though profit increased to $3.4 billion, largely because of Sam's Club and international strength. That compares with a $3.3 billion profit in the first quarter of 2010.

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New York Times (tiered subscription model), The

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