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Walmart Heirs Lose $15 Billion

by Forbes Middle East Forbes Middle East - Business News
The descendants of Walmart founder Sam Walton saw their fortunes shrivel by $15 billion on Tuesday.
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Shares of Walmart plunged by 9% after the retailer said its online sales grew 23% in its latest quarter, which was about half the rate of the previous quarter. While online sales still make up a fraction of the retailers overall revenue, Walmart has been investing heavily in its e-commerce capabilities. The numbers were likely enough to spook investors about the retailers traction in the fight against Amazon.

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Created on Feb 23rd 2018 01:07. Viewed 287 times.

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