Swallowing $16B purchase of Flipkart, Walmart cuts outlook – CityNews Vancouver


CityNews Vancouver

Swallowing $16B purchase of Flipkart, Walmart cuts outlook
CityNews Vancouver
BENTONVILLE, Ark. – Walmart trimmed its profit outlook citing this year's $16 billion acquisition of the Indian online retailer Flipkart, its biggest deal ever. The company also said on Tuesday that U.S. online sales growth would slow to 35 per cent

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