Finally! Good news from a retailer getting ready for the holidays. Walmart reported earnings on Tuesday that topped Wall Street’s forecasts.
Walmart is bucking a trend. Several prominent retailers have reported lackluster results recently — including Macy’s (M), Gap (GPS) and Nordstrom (JWN).
That’s led to concerns that retailers may have to use massive discounts to lure shoppers to stores this holiday season, promotions that could crush these companies’ already wafer-thin profit margins.
