Walmart stock is taking its roughest hits in two years after turning in an earnings performance investors found disappointing, according to Bloomberg. Stocks are down nearly 9 percent, and the company’s drawn down annual profit forecast has investors wondering if the world’s largest retailer by...
Walmart is placing a bigger emphasis on online sales, with the company’s executives saying they are cutting more costs to free cash for new eCommerce initiatives and store improvements. The company hopes the new moves will help it remain competitive. According to a report in the...
February 21, 2018
After three consecutive quarters of eCommerce growth that was north of 50 percent, Walmart’s digital sales grew less than half of that last quarter – and investors were less than thrilled. That was on top of news that Walmart’s increased profit-margin pressure was pushing an annual revenue estimate for 2018 that missed investor expectations. Despite the concern – and […]
February 20, 2018
Walmart stock is taking its roughest hits in two years after turning in an earnings performance investors found disappointing, according to Bloomberg. Stocks are down nearly 9 percent, and the company’s drawn down annual profit forecast has investors wondering if the world’s largest retailer by sales is losing a step in its footrace with Amazon. […]
