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Wal-Mart draws more shoppers, raises fiscal-year outlook

Published Fri, Aug 19, 2016 · 09:50 PM

New York

WAL-MART Stores Inc reported higher-than-expected quarterly earnings on Thursday, saying it benefited from cleaner and more efficient US stores, investments in technology that improved online shopping and higher employee wages that fostered better customer service.

The world's largest retailer has been spending heavily to entice consumers back to its stores with better stocked shelves, and improv…

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