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Walmart Warns Investors It Will 'Test A Lot And Fail A Lot'; Cuts Profit Forecast

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Walmart's chief executive officer on Tuesday urged investors to rethink the company’s business. Touting its various tech investments to grow online sales at a time it is battling Amazon.com for market share. The retailer also lowered its earnings forecast for the year. It said its e-commerce growth next year would be slower than in the current fiscal year that ends in January. Chief Executive Doug McMillon said, “We are getting to reimagine retail and our business... expect us to test a lot and fail a lot."

Added on the 16/10/2018 10:58:02 - Copyright : Wochit

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