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Walmart's U.K. Unit Repeats Risky Strategy in Dumping Black Friday Sales

Walmart's (WMT) U.K. division, Asda, has for the second year in a row decided to not have Black Friday sales. But can the ailing 'Big Four' retailer afford this strategy?

Asda has been Walmart's worst-performing division for several months, indicating only last week that U.K. sales were down 5.8% in the third-quarter compared with the same time last year. Sales in the second-quarter of this year...