Investment in online services and a stronger dollar are also eating into earnings
Thu, Aug 20, 2015 - 5:50 AM
Walmart, based in Bentonville, Arkansas, joins a flurry of retailers reporting second-quarter earnings this week, some of which are gaining traction with the economic recovery.
PHOTO: BLOOMBERG
New York
WALMART cut its annual profit forecast on Tuesday, saying the costs of raising wages for a half-million workers were weighing down its bottom line.
Walmart's investment in its online services as it vies to compete with e-commerce titans such as Amazon is also eating into...
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