Citi Discusses Wal-Mart

Citi Investment Research is out with a research report on Wal-Mart WMT. In a note to clients, Citi writes, "WMT was the only retailer in our coverage universe to gain average market share in 2010. While the clubs' average food market share remained relatively flat during the year, the supermarkets were again the major losers, with all of the grocers losing average market share YoY. In 2011, we expect macroeconomic headwinds to continue to pressure the consumer, while the acceleration of TGT's P-Fresh remodels and increased competition from the dollar stores and drugstores eats into the pie of food market share." Shares of WMT lost 7 cents yesterday to close at $53.62, a loss of 0.13%.