The 'backbone' of Walmart's business is fading — but it was likely an inevitable shift for the retail giant

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Walmart is opening fewer and fewer supercenters every year. According to Morgan Stanley analyst Simeon Gutman, that's not particularly surprising.

 

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Watch: Ivanka Trump, Walmart CEO McMillon and IBM CEO Rometty speak at Business Roundtable summitLockHerUp CrookedIvanka Why is she there?
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