34 minutes ago NEW YORK (Reuters) - Wal-Mart Stores Inc (WMT.N) said August sales at U.S. stores open at least a year rose a better-than-expected 3 percent and gave an optimistic forecast for September as shoppers seek low prices on groceries and school supplies.The world's biggest retailer said on Thursday that August sales were strongest in grocery and other household items like medicines, while electronics, fitness equipment and camping products also did well.
Analysts, on average, were expecting same-store sales to increase 1.6 percent, according to Thomson Reuters Estimates, while Wal-Mart itself had forecast a rise of 1 percent to 2 percent excluding fuel sales.
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