By and  on May 17, 2012

It may not last beyond the first quarter of 2012 but, for the first time in a long time, the fortunes of Wal-Mart and Target seem to be on similar upward trajectories.

Wal-Mart Stores Inc. on Thursday reported its best quarterly U.S. comp-store sales performance in three years, a 2.6 percent increase in the three months ended April 27, which was well above the top of the company’s guidance range of flat to 2 percent.

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