Should Investors Continue to Invest in Walmart? Walmart Chief Executive Officer Doug McMillon defended his attempt to revamp the retailer after a weak profit forecast sent the shares on their biggest decline in more than 27 years. Bloomberg's Shannon Pettypiece reports on "Bloomberg ‹GO›" October 15, 2015.
Disrupted by Amazon: Amazon's (amazon.com; NASDAQ: AMZN) $262.5 billion market cap exceeds Wal-Mart’s $190 billion market cap--Amazon surpassed Wal-Mart in market capitalization in July. Walmart has annual digital sales of about about $13 billion, and is the third-largest Internet retailer, but that is only about one-sixth of Amazon’s total. Also, Walmart’s digital sales growth has slowed.
Recent headlines:
- Walmart CEO's plan to fight Amazon: "Win with stores" Fortune
- Wal-Mart's Entire Business Model Is Being Smashed to Pieces TheStreet.com
- Amazon vs. Walmart on Wall St.: Profits barely matter CBS News
- Rare store sales data highlights Wal-Mart's China challenge In-Depth-Reuters UK
Below--the one-year Walmart stock chart--
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| Walmart One-year Stock Chart (source: google.co) |
Principal domain name: walmart.com
Walmart Investor Relations: (watch the Replay of the Walmart 22nd Annual Meeting for the Investment Community Wed., Oct. 14, 2015) here.
Stock exchange and symbol: NYSE: WMT
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