Wal-Mart lost out to lower cost rivals Related Stories
Retail giant Wal-Mart has reported a seventh straight quarterly decline in sales at its US stores, as it loses customers to lower cost rivals in the US.
In the fourth quarter sales fell by 1.8% in the US, but the firm benefited from strong overseas sales.
Wal-Mart posted a consolidated net income of $6.2bn (£3.8bn) in the fourth quarter, up from $4.9bn a year earlier.
For 2010 as a whole, consolidated net income was $17bn, up from $14.9bn 2009.
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