Wal-Mart on track to reverse 2-year US slump

NEW YORK (AP) — Wal-Mart's effort to reverse a two-year sales slump at its U.S. namesake stores is working.

The world's largest retailer said Wednesday during a meeting with analysts that revenue at its namesake stores in the U.S. that have been open at least a year rose three months in a row in July, August and September. Wal-Mart had promised a quarterly increase by the end of this year, ending nine quarters of declines, and Wednesday's news indicates it could make good on that vow in the current quarter, which ends Oct. 28.

"We have had very positive momentum in the back half, especially in the U.S," said Charles Holley, Wal-Mart's executive vice president and chief …