Thursday, March 31, 2016

Trouble in Wal-Mart's world

2015 was historic for Wal-Mart - not in the best way.
For the first time ever – or at least since the company went public some 45 years ago – Walmart's revenues shrank from the year before, according to its annual financial filing released Wednesday.
Walmart is clearly having trouble adapting its gigantic stores to the Internet age. To be sure, it is a retail juggernaut that brings in half a trillion dollars (that’s right, trillion) in sales every year. And with more than 11,500 stores in 28 countries,there’s no way it will disappear anytime soon.We'll see how Wal-Mart handles 2016.

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