The largest U.S. retailer and other industry giants are taking an increasingly aggressive stance with suppliers as the economy slows. ‘The world has turned.’ Read More...
Motley Fool
Here’s Why Walmart Could Trounce Amazon This Holiday Season
As most investors know, Amazon has been gaining market share on Walmart for years, and it’s also been the much better stock to own over the last decade. In its recent guidance, the e-commerce giant called for revenue to be just 2% to 8% higher in the fourth quarter, uncharacteristically slow for the growth stock. On the earnings call, CFO Brian Olsavsky explained the headwinds the company is facing, saying, “The continuing impacts of broad-scale inflation, heightened fuel prices, and rising energy costs have impacted our sales growth as consumers assess their purchasing power.”
Add Comment