Wal­mart beats all around, with on­line sales re­bound­ing

The Guardian (Charlottetown) - - BUSINESS -

NEW YORK — Wal­mart is re­port­ing bet­ter-than-ex­pected profit and rev­enue for the first quar­ter with re­bound­ing on­line sales. Rev­enue at Wal­mart stores opened at least a year rose a solid 2.1 per cent, the com­pany said Thurs­day.

It’s an en­cour­ag­ing re­port from Wal­mart as it searches for solid foot­ing in a rapidly chang­ing en­vi­ron­ment which in­cludes a dominant Ama­zon.com that is en­croach­ing on­line and in some cases, just down the street.

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