December 03, 2024 at 06:02PM
Retaillers haven’t been overly optimistic lately. Best Buy cut its full-year sales forecast last week while Kohl’s struggled after earnings. I think much of that is a shift to online, as Black Friday shopping showed but Wal-Mart is strong online so this is an interesting comment.
Shares of WMT took a quick dip afterwards.
This article was written by Adam Button at www.forexlive.com.
Wal-Mart CEO says he’s seen some softness in demand since the election