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Wal-Mart Outlook Rebuts Target’s View of Jittery U.S. Shopper

  • Retail chain’s finance chief says ‘the consumer is OK’
  • Wal-Mart boosts forecast after sales grow faster than expected
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Wal-Mart and Target: A Tale of Two Retailers

Sorry, Target Corp., but the U.S. consumer isn’t the problem.

That’s the view of Wal-Mart Stores Inc., which boosted its forecast on Thursday following better-than-predicted growth last quarter. The outlook contrasted with that of rival Target, which cut its guidance for the year after sales declined.