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Wal-Mart’s Sales Defy the Retail Slump

Wal-Mart Stores Inc. reported stronger quarterly sales Thursday, showing that the world’s largest retailer is drawing shoppers at a time when many competitors are reeling in the era of Inc.

Wal-Mart’s U.S. same-store sales rose 1.4% in the first quarter, the 11th straight quarterly increase, as more shoppers came to stores and e-commerce sales surged.

The retailer had a 1.5% rise in foot traffic, thanks in part to…

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