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Walmart's first-quarter U.S. comparable sales rose, e-commerce slows

Credit: Reuters- Published on May 16, 2019
U.S. retailer Walmart Inc on Thursday reported an estimate-beating jump in first-quarter U.S. comparable sales, but overall revenue growth and online sales slowed.
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Credit: Wochit Business
Published on May 16, 2019 -  00:39
Walmart says higher China tariffs will increase prices for U.S. shoppers
According to Reuters, Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on goods from China as the world’s largest retailer reported its best comparable sales growth for the first quarter in nine years. U.S. President Donald Trump increased tariffs on $200 billion worth of Chinese imports to 25% from 10% last week. The move is widely expected to raise prices on thousands of products including clothing, furniture and electronics.

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Recent related news from verified sources

U.S. retailer Walmart Inc on Thursday reported an estimate-beating jump in second-quarter U.S. comparable sales, and boosted its earnings forecast for the year.
2 days ago • Reuters

U.S. retailer Walmart Inc reported an estimate-beating jump in second-quarter U.S. comparable sales on Thursday as shoppers spent more at its stores and...
2 days ago • Reuters

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