The Trader 

Market Outlook: Walmart’s worst day in 30 years

The Trader

Reporting quarterly figures yesterday the world’s biggest retailer, Walmart of the US, said profits and online sales fell over the holiday period.  It also forecast that this year’s profit will be at the lower end of expectations, Reuters reports.  It is struggling with online giant Amazon and higher staff wages.  Shares closed down 9.4 per cent at $94.11 – the biggest single-day drop since January 1988.   

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