• Walmart beats as online sales surge, but comp sales miss

    4 monthes ago - By Business Insider

    Walmart on Thursday reported first-quarter earnings and sales that topped analysts' expectations, boosted by strong online sales.
    America's largest brick-and-mortar retailer said e-commerce sales surged by 33% compared with the same period last year. It was up 23% in the fourth quarter.
    Adjusted earnings came in at $1.14 a share, beating analysts' forecast for $1.12, according to Bloomberg. Sales, excluding fuel, at stores open for at least one year rose by 2.1%, missing the forecast for 2.3%.
    Walmart said its recent acquisition of Flipkart is expected to negatively impact fiscal year 2019...
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  • China In Trouble? Retail Sales Slump In April

    China In Trouble? Retail Sales Slump In April

    4 monthes ago - By ETF Daily News

    From Zacks : China has reported less-than-expected retail sales and investments for the month of April. As a result, policymakers and analysts are expecting a slowdown in the economy.
    Retail sales grew by 9.4% which is down from March when it was 10.1%. As a trade war between the United States and China is highly anticipated considering the hostile behavior of both countries, fixed asset investment grew by 7%, which is the lowest since 1999. Industrial output is the only positive take away from the result that has added some hope to a dampening Chinese economy. In April, industrial growth...
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