retail news in context, analysis with attitude

• Wal-Mart's Q2 revenue decreased 1.4 percent to $100 billion, which the retailer blamed on the negative impact from exchange rate fluctuations. Without the currency fluctuations, Wal-Mart said Q2 revenue would have increased 2.7 percent to about $104.2 billion. US same-store sales were off 1.2 percent.

• Arden Group, owner of Gelsons Markets in Southern California, said that second quarter profit was down to $4.7 million, from $6.6 million during the same period a year ago. Q2 sales were down to $107.9 million, from $116.6 million a year ago, on same-store sales that were down 7.5 percent.

• Anheuser-Busch InBev said that its second quarter profit rose 28 percent to $1.07 billion, from $836 million during the same period a year ago. Q2 revenue fell to $9.5 billion from a proforma $10.45 billion that Anheuser-Busch and InBev achieved as separate companies in the same period of 2008.
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