business news in context, analysis with attitude

• Walmart reports that its third quarter sales were $97.6 billion, up 7.5 percent from the $90.8 billion recorded during same period a year ago. Q3 income from continuing operations for the third quarter was $3.033 billion, an increase of 6.6 percent from $2.846 billion in the third quarter last year.

However, it is worth noting that a story in the Wall Street Journal this morning reports that some analysts believe that the down economy could have a negative impact even on Walmart, which could see dropping same-store sales as consumer buying habits change.

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