Walmart puts Amazon on notice amid Flipkart bad news1 min read 16 Nov 2018, 03:28 AM IST
Walmart reported stronger-than-expected sales in September quarter and boosted its full-year outlook, but Binny Bansal's resignation from Indian unit Flipkart brought unwanted attention
Walmart Inc. sailed into the US holiday season with stronger-than-expected sales and a boosted full-year outlook, signalling that the world’s largest retailer can more than hold its own against rival Amazon.com Inc. in the critical holiday weeks ahead. Comparable sales for Walmart stores in the US—the best barometer of the company’s performance—rose 3.4% in the third quarter, beating analysts’ estimates. It now sees the measure growing at least 3% this year, better than the previous guidance of “about 3%."
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