Nov. 13 (Bloomberg) -- Wal-Mart Stores Inc., the world's largest retailer, said it's ``optimistic'' about the holiday shopping season even as declining consumer spending may send the U.S. to the worst recession in at least three decades.
The retailer's outlook came as it reported today a 9.8 percent gain in third-quarter profit, beating analysts' estimates, and lowered its earnings forecast for the year because the stronger dollar is eroding overseas revenue.
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