date:May 18, 2012
ices, Simon suggeseted. During the quarter, Wal-Mart also expanded its food assortment and heightened its focus on local relevance and innovation, he added.
And it's paying off, Simon insisted.
Simon indicated that this focus resulted in higher grocery sales during the period, with the category delivering a low single-digit positive comp while also driving additional traffic to the box.
While grocery inflation - which stood at about 3% - did contribute to these gains, Simon said that the net imp