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Walmart Reaps Benefits Of Investment In Ecommerce, Store Environment, And Employees

August 18, 2016: 12:00 AM EST
Though some other big retailers – e.g., Target and Macy’s – are slogging their way through a period of sluggish store spending, Walmart is sailing along on prosperous seas. After investing billions of dollars into making its U.S. stores more efficient and pleasant, raising employee wages, and streamlining ecommerce operations, the company reports not only increased online sales but higher store traffic (assisted in part by lower gas prices). Walmart’s online sales rose faster than the previous quarter – the first time this has happened in nine quarters. For the quarter ended July 31, Walmart profits were up 8.6 percent, and revenue crept up by 0.5 percent to $120.85 billion.
Sarah Nassauer, "Wal-Mart Store Overhauls Help Boost Sales", The Wall Street Journal, August 18, 2016, © Dow Jones & Company, Inc
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