Wal-Mart Posts First Earnings Decline in 10 years

You can chalk this one up to them being run out of Germany by other established brands. When I lived in Germany as a kid we used to shop at a place called Maasa that seemed very similar to Wal-Mart. I guess Wal-Mart thinks retreat is the better part of valor.

Wal-Mart, the world's biggest retailer, reported a 26 percent drop in
quarterly profit -- its first earnings decline in more than 10 years -- because
of a charge for selling its German stores to a rival. The company also forecast
a third-quarter profit that could fall below Wall Street
expectations.