By and  on February 22, 2011

There’s a long turnaround road ahead for Wal-Mart in the U.S.

Wal-Mart Stores Inc. sank into a deeper hole than it — or Wall Street — realized when it cut back offerings at its namesake discount stores, a misstep the company is working frantically to correct through new management and a new plan that has it refocusing on its core lower-income customer. But senior management admitted Tuesday that it will take time for the changes to produce results.

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