Summary
NEW YORK -- Retail heavyweights Wal-Mart Stores Inc. and Target Corp. beat Wall Street expectations with double-digit profit gains for the first quarter as strong sales earlier in the year more than offset a shopping slump last month.
Upscale retailer Tiffany & Co. also posted a double-digit profit rise Thursday for the February-April period that matched expectations, boosted by robust sales in the United States.See the full content of this document
Extract
Wal-Mart, Target Rack Up Gains
The upbeat mood, however, was tempered as Wal-Mart's president and CEO expressed concern about rising gasoline prices and the government reported wholesale prices made their bi...
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