15 August 2013 Last updated at 07:29 ET
Wal-Mart is the world's largest retailer
The world's biggest retailer, Wal-Mart, which owns the UK chain Asda, has reported higher quarterly profits in the second quarter.
Profits rose 1.3% to $4.1bn in the three months to July from the same period last year, where analysts had expected slightly more.
Same-store sales at Wal-Mart fell 0.3%.
However, British subsidiary Asda announced that it had grown like-for-like sales by 0.7% in its second quarter.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23713101#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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