Wal-Mart Sees More Spending on E-Commerce, Remodelling

Walmart's shares fell after forecasting flat earnings for the next fiscal year, missing analyst estimates. CEO Doug Mcmillon highlighted investments in wages and store improvements, with a shift away from opening new stores. The company plans to spend $11 billion on e-commerce and store remodeling. Investors are concerned about Walmart's ability to compete with Amazon, as its online sales growth lags behind the market. Recent acquisitions like Jet.com and potential investments in Flipkart aim to boost online presence. The market's reaction was muted, as these challenges were anticipated.

What is the primary reason for Walmart's decision to reduce the number of new store openings?

• To expand internationally

• To reduce operational costs

• To increase the number of employees

• To focus on e-commerce and remodel existing stores

How did investors react to Walmart's recent earnings per share (EPS) report?

• The stock price dropped slightly

• The stock price dropped significantly

• The stock price remained stable

• The stock price increased significantly

What challenge does Walmart face in its e-commerce sector?

• High competition from local retailers

• Lack of online presence

• Limited product range

• Significant operating losses

What was the growth rate of Walmart's online sales compared to the overall market?

• Equal to the market growth

• Twice the market growth

• Half the market growth

• Three times the market growth

What major acquisition did Walmart make to boost its online sales?

• Amazon

• Jet.com

• Alibaba

• Flipkart