‘Walmart woes spook investors, but now’s not the time to run a business for the share price’
The challenges flagged by Walmart, and its responses to them, likely give a taste of things to come for the US giant’s counterparts on this side of the pond.
Walmart’s update last week, and another from Stateside peer Target, unnerved investors and sent shares into a tailspin. Walmart’s stock took its biggest one-day tumble since 1987 and Target took a similar punishing as Wall Street digested the implications of a downbeat earnings outlook.
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