By ANNE D’INNOCENZIO
AP Retail Writer
NEW YORK – After nearly 50 years of hammering competitors with discounts, Walmart is getting a taste of its own medicine.
The world’s largest retailer has seen sales at its U.S. Walmart stores fall for the first time, as price-cutting competitors lure away bargain-hunters. Department stores and dollar stores are muscling in on the company’s discount turf.
And executives do not expect much improvement, forecasting sales at stores open at least a year will range from down 1 percent to up 1 percent.