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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 18, 2016
Page
13
Wal-Mart misses forecast as Jet.com aids online growth
Wal-Mart Stores reports Q3 U S store sales up 1.2 percent, below the 1.3 percent estimate, with currency headwinds weighing on revenue. Jet.com acquisition boosts online orders by 21 percent, while deflation in grocery prices hits margins at U S stores. CEO McMillon promises speedier progress amid Trump era trade concerns.
MENTIONED IN THIS ARTICLE
Wal-Mart Stores Inc
Jet.com
U.S
Wal-Mart
United States
Doug McMiljon
Brett Biggs
Donald Trump
Mexico
China
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