Walmart Heirs Lose $15 Billionby Forbes Middle East Forbes Middle East - Business News
The descendants of Walmart founder Sam Walton saw their fortunes shrivel by $15 billion on Tuesday. Recommended Features
- Sam Walton
- Jims son, Steuart
Review on Walmart Heirs Lose $15 BillionShares 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 00:07. Viewed 624 times.
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