Wal-Mart CEO Mike Duke speaks during a session at the World Economic Forum (WEF) in Davos on January 28, 2011.
Credit: Reuters/Vincent Kessler) on Jessica wohlCHICAGO | Tue 2: 15 pm EDT on April 26, 2011
CHICAGO (Reuters) - stores of Wal-Mart Inc (WMT).(N) is making progress elements and buyers to their stores of U.S. and turn sales from U.S. remains his top priority, President and Chief Executive Mike Duke said Tuesday.
Food of the American chain Wal-Mart discount Department has improved and their areas of general goods are well on the way to having the appropriate range, Duke said in a Conference of Barclays in New York, which was also broadcast over the Internet.
Duke also said that there was a "tremendous opportunity in the long term" in sub-Saharan Africa. Wal-Mart plan to buy 51 percent of Massmart Holdings Ltd of South Africa (MSMJ.)(J) has been posted by the delays. You must complete the process of approval of the Government in the coming weeks, allowing that Wal-Mart move forward with the agreement, said Duke.
Wal-Mart is to bring in thousands of articles, advertising for their guarantee of low price and taking other steps to try to regain buyers who resisted an earlier plan that cuts products from stores and stressed at promotional prices.
Duke said again that achieving an increase in sales in United States same store - a key indicator of the health of retailers to measure sales at stores open at least a year - is his "first priority".
Wal-Mart United States, most of the world's largest retailer, reported seven consecutive quarterly declines. Duke wanted to say when the same store sales should turn around, but he said that it is seeing "traction".
Greater opportunity for growth of Wal-Mart is still United States, where is opening more supercenters and other types of stores, followed by the potential for expansion in China, he said.
(Reporting by Jessica Wohl)
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