Wal-Mart, the world’s largest retailer, warned yesterday that the rising price of oil was beginning to take its toll on consumers.
The firm, which attracts 100 million shoppers to its American stores each week, posted its smallest profit gain in four years during the second quarter. It also cautioned that results in the current third quarter would be below Wall Street expectations.

Its shares fell by 3.3% in early trading, dampening the wider markets.

Posted by Administrator in Business News