Retail sales data for December painted a disappointing picture, with consumer spending coming in flat, down from a 0.6% jump in November and missing analysts' estimates of a 0.4% increase.
Estee Lauder sued Walmart over allegations it had counterfeit La Mer, Le Labo, Clinique, Aveda and Tom Ford beauty products listed on its online marketplace. While the products were sold by third-party sellers, Estee Lauder alleged Walmart played an active role facilitating those sales to shoppers, calling its conduct "despicable.
Walmart erfindet sich neu: Nasdaq-Wechsel, KI-Offensive und eine Marktkapitalisierung von über 1 Billion US-Dollar machen den Handelsriesen zum Tech-Giganten.
Walmart's price-to-earnings multiple of 45 is high in relation to the S&P 500. The business has been resilient over the years, but its growth rate is typically in the single digits.
Shares of Kroger Co (NYSE:KR) are up 7.7% to trade at $72.67 at last glance, after reports that the grocery chain named former Walmart (WMT) executive Greg Foran as its CEO.
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