Get our introductory offer at only
$0
.99*/month
Cancel anytime
*$0.99/month for first 3 months
$29.90/month for the next 9 months
You are here
Walmart cuts profit outlook on higher wages
Investment in online services and a stronger dollar are also eating into earnings
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
To continue reading
Need help?
CALL +65 6388 3838 EMAIL btocs@sph.com.sg
