Reuters: The US retail industry locomotive Wal -Mart is expected to reduce the stock price of railway crashes immediately evaporated by 10%

China Well -off Network, July 26th. Old Malaysia's largest retailer Wal -Mart (WMT.N) has adjusted profit expectations on Monday because the soaring food and fuel prices have prompted customers to reduce their free purchase.Falling 10%after ringing.

Wal -Mart is the US retail train head

Reuters reports that Burt Flickinger, managing director of Strategic Resource Group, said the stock price of competitors including Target (TGT.N) and Amazon (AMZN.O) after issuing warnings in Wal -Mart also fell.For retailers, it means "well -known train crash."

Wal -Mart is the leader of retail industry who cater to the cost of buyers who pay attention to costs. The company said that its annual profit will drop by 11%to 13%, and the previous forecast is 1%.It promises to reduce the price of clothing and daily necessities more actively than in May and reduce the backlog of spring.

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