Wal-Mart's South African Unit Lags Rival In Expansion

Now watching

Next video starts in : 7 Play

Wal-Mart's South African Unit Lags Rival In Expansion

Wal-Mart's South African Unit Lags Rival In Expansion
Replay video
Up next

Watch a Sneak Peek of Community Episode 4

Unlock your personal NFL Now stream by signing in to NFL.com

Wal-Mart's South African Unit Lags Rival In Expansion

by Wochit 1:00 mins

Wal-Mart's South African Unit Lags Rival In Expansion

by Wochit 1:00 mins

Wal-Mart's South African unit, Massmart , reported a 10 percent fall in first-half profit on Thursday hurt by a weak market and slow expansion into other African countries. Business surveys suggested the world economy was on the mend, with U.S. and Chinese manufacturing activity at multi-month highs and better-than-expected growth in the euro zone. Abercrombie & Fitch Co reported comparable sales and profit far below Wall Street expectations, blaming a drop in store visits by shoppers, and the teen retailer said business would decline even more during the current back-to-school quarter. The U.S. Federal Reserve may need to drain up to $2 trillion from the financial system when it decides to normalize short-term interest rates

Must Watch

Must Watch

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 0:29

    Watch a Sneak Peek of Community Episode 4

  5. 2:01

    Sin City Saints: Official Trailer