retail news in context, analysis with attitude

• Walmart said yesterday that "Wal-Mart said Thursday it expects its reported earnings to be relatively flat in its next fiscal year relative to its adjusted earnings in the current fiscal year," according to a piece in the Wall Street Journal. "It also plans to spend about $11 billion in its next fiscal year on e-commerce and digital initiatives and on speeding up the process of remodeling stores. Meanwhile, it is slowing new store openings.
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