Sign of the Times

By Megan McArdle

Wal-Mart's earnings fell 7.4% in the fourth quarter.  This makes analysts happy, because they topped expectations, and a 2.8% increase in domestic same-store sales looks positively magnificent next to the anemic results at most retailers--much of the decline stems from the costs of settling wage lawsuits. 

This article available online at:

http://www.theatlantic.com/business/archive/2009/02/sign-of-the-times/4722/