30 Some observers believed that the company could also gain some intangible

30 some observers believed that the company could

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30 Some observers believed that the company could also gain some intangible benefits like, having a favourable public perception when it came to opening new stores in markets where WMT had not welcomed earlier. 27 “Wal-mart to Reduce Its Environmental Footprint”, 05-P13-00043feature 1, 25 October 2008 (Accessed on 4 November 2009). 28 “Wal-mart to Reduce Its Environmental Footprint”, 05-P13-00043feature 1, 25 October 2008 (Accessed on 4 November 2009). 29 (Accessed on 4 November 2009). 30 (Accessed on 4 November 2009). at Alliant International University on March 10, 2010 Downloaded from
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130 R. N ANDAGOPAL AND A JITH S ANKAR R.N. A SIAN J OURNAL OF M ANAGEMENT C ASES , 6(2), 2009: 119–133 R EFERENCES Edwards, Lynda, ‘Gore rolls his film at Wal-Mart HQ’, 160372/, As accessed on 9 December 2008. Gunther, Marc. 2006. ‘The Green Machine’, Fortune , 7 August 2006. ———. 3 September 2008. ‘Green Gold?’, , As accessed on 2 January 2009. ———. 5 December 2008. ‘Wal-Mart: A bully benefactor’ , Accessed on 2 January 2009. ‘Is Wal-Mart Sustainable? No, At Least Not Yet’, is_walmart_sust.html [email protected] 7 February 2007. ‘It’s Not Easy Going Green: Environmentalism May Help Your Corporate Image, but Will It Keep You in the Black?’, . edu/mobile/article.cfm?articleid=1653, Accessed on 2 January 2009. Little, Amanda Griscom. 2006. Wal-Mart Goes Green . salon.com, 21 July 2006, As accessed on 11 December 2008. msnbc.com . 2006. ‘Is Wal-Mart going green?’, msnbc.com news services, 25 October 2005.
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Fiscal Year Ended 31 January (Dollar Amounts in Millions) Operating Results $308,945 $281,488 Net sales increase 9.8% 11.4% Comparable store sales increase in the United States 3% 3% Cost of sales $237,649 $216,832 Operating, selling, general and administrative expenses 55,739 50,178 Interest expense, net 1,178 980 Effective tax rate 33.1% 34.2% Income from continuing operations $11,408 $10,482 Net income 11,231 10,267 Per share of common stock: Income from continuing operations, diluted $2.72 $2.46 Net income, diluted 2.68 2.41 Dividends 0.60 0.52 Source:
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