Wal­mart earn­ings fall, but U.S. sales surge

The Hamilton Spectator - - BUSINESS -

NEW YORK — Wal­mart’s fourthquar­ter earn­ings fell nearly 18 per cent as the world’s largest re­tailer was hurt by its in­vest­ments in ecom­merce and stores. But Wal­mart saw its U.S. busi­ness ac­cel­er­ate dur­ing the pe­riod that cov­ers the crit­i­cal hol­i­day shop­ping sea­son. It also en­joyed a surg­ing global e-com­merce busi­ness. Wal­mart, like other tra­di­tional re­tail­ers, has been try­ing to im­prove its on­line op­er­a­tions to be a stronger chal­lenger to Ama­zon.com. The hol­i­days were chal­leng­ing for many re­tail­ers, un­der­scor­ing the changes stores need to make. But Wal­mart’s re­sults show that it’s been able to make in­roads.

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