From CNBC:
The world’s largest retailer is showing it may not be all doom and gloom for the retail industry.
Wal-Mart topped earnings estimates on Tuesday, driven by better-than-expected U.S. sales both in stores and online. Comparable sales in the company’s U.S. stores grew 1.8 percent, marking the retail giant’s tenth consecutive quarter of growth. On Wednesday, the stock was trading slightly higher.
And good news for Wal-Mart could spill over to the rest of the retail industry.