Walmart just went shopping and came back with the Monroeville Mall about 20 miles east of Pittsburgh, according to the Pittsburgh Post-Gazette. CBL Properties sold the property at a bargain price of $34 million.
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Analysts surveyed by LSEG are expecting Amazon to report revenue of $187 billion for its latest quarter on Thursday. Walmart is projected to post quarterly revenue of $180 billion, when the retailer announces results on Feb. 20.
Walmart is expanding its real estate portfolio with a major acquisition. The retail giant has purchased Monroeville Mall near Pittsburgh for $34 million and plans to redevelop the site.
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