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COMING UP:Share Opener Variant 2



>> Walmart bucking the retail trend Thursday reporting U.S. sales rose in the first quarter, and beating Wall Street's profit and revenue expectations, sending its stock up nearly 9%. It also gave an upbeat second quarter forecast. Walmart's latest earnings report stands in contrast to that of rival Target's, which gave a cautious outlook just a day earlier and reported sales growth that was much lower than what analysts had been expecting.
Reuter's correspondent Nathan Lane details what's working at Walmart.>> The big thing to look at is apparel. Where apparel has been hitting a lot of the retailers, Walmart is cited as a strength. Now what may be pushing that Is the difference in customer base. For example, Target tends to cater to a higher income bracket of consumer, Walmart tends to serve a lower income consumer.
And so, what we may be seeing is a little bit of that macro trend.>> One weak spot for Walmart, online shopping. Despite investing heavily in its web business, it's still struggling to compete with Amazon.>> The analyst are also worried about the e-commerce sales. E-commerce growth was 7%.
That may not sound too bad on the surface, but if you look at other retailers that are growing at a double digit pace online, 7% is not necessarily that strong. And it's a deceleration from recent quarters.>> Walmart has also been investing in wage increases and in training its workforce.
It said customer service scores were improving and that more folks were making trips to its physical stores.