Walmart company has reported a higher net income now reaching $3.7 billion from July to September this year, a growth of $0.1 billion since the same quarter during 2012.
It seems like the giant company started cutting prices of its products, while investing as much as $250 million to improve the quality of its products and stores.
It also says that sales have been affected negatively by currency fluctuations, while the chief executive Mike duke thinks sales are affected mainly due to customers being uncertain about the economy, causing their spending to drawback as people prefer to save.
Still it seems like Walmart is setting up new offers and cheaper deals to costumers, in order to deal with competition which is becoming every time stronger. The main problem is that during the economic recovery process people have less time to spent as jobs start to recover while they still tend to save more rather than spend.
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