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Wal-Mart Joins Amazon in Squeezing Retail Rivals

Wal-Mart’s strong quarter may represent less of a bellwether for other retailers than a tolling bell

By

To all the recent problems besetting retailers, add an old one: Wal-Mart Stores.

The retailing giant on Thursday said its overall sales in its fiscal first quarter ended April rose 0.9% from a year ago to $115.9 billion—well above the $113.2 billion analysts anticipated. Earnings per share, at 98 cents, were a dime better than estimates.

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