. The retailer saw weak demand for toys, apparel and video games during the holiday season. Walmart also issued a 2020 outlook that came up short of expectations as the world's largest retailer anticipates e-commerce growth will slow.
Initially, shares of Walmart were down 1% in extended trading but have since recovered. A bright spot for Walmart was its e-commerce sales during the quarter were up 35%, fueled by its best growth yet for Walmart.com and strength in grocery. —
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »