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Wal-Mart, Target Post Modest Sales Growth for April

NEW YORK - Wal-Mart Stores Inc. and Target Corp. posted modest sales increases for April, hurt in part by comparisons to a particularly robust month in March because of the early Easter holiday, Dow Jones news wire reports.

Wal-Mart Thursday reported a 3.3 percent increase in same-store sales for the period ended May 3, compared with a 6.5 percent rise last April. Same-store sales rose 3.2 percent at the Wal-Mart division and 4 percent at Sam's Club.

Total sales grew 9.3 percent to $17.66 billion from $16.16 billion, as sales rose 9.3 percent at the Wal-Mart division and were up 9.7 percent at Sam's Club. International sales increased 8.9 percent to $2.95 billion.

Target's same-store sales edged up 0.4 percent, and its total sales increased 9.1 percent to $2.87 billion from $2.63 billion a year earlier, Dow Jones reports

Same-store sales rose 0.8 percent at the Target division.
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