Wal-Mart is the world’s largest retailer, operating discount stores, supercenters, neighborhood markets, and Sam’s Club warehouses around the world.
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As it is with all large retailers, as the general economy improves so will consumer spending, which will lead to higher profits. Not only has the unenployment level dipped down to 8.6%, but initial unenployment benifit numbers are at the same levels they were back in April 2008 and continuing to go down. With the job market improving overall sales should increase, especially for the retailing juggernaut that is Wal-Mart. If the US economy can keep up a GDP growth rate of around 2% this year and next, consumer spending should continue to increase. As far the international level goes, Wal-Mart stores are being very well recieved as they sell their goods cheaper than anywhere else, and the emerging markets their going into, such as India, are seeing a strong emergence of a middle class who will go to these stores and overall increase WMT's bottom line. India currently has a 7.5% GDP growth rate. Even with Europe in a mess, the US economy should stil seem some growth, and the emerging markets offer great growth potencial. Bullish on WMT. Not to mention that their new, smaller stores should provide a nice change of face for Wal-Mart.