Wal-Mart cuts its sales forecast

There’s more bad news on the global economy as Wal-Mart cut its FY2015 sales forecast. They now see sales growth 2-3% compared to 3-5% they previously forecast, according to CFO Charles Holley at analyst day. They also see profits ‘somewhat slower’ over the next 3 years.

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Wal-Mart cuts its sales forecast