ABU DHABI/AD MEDIA OFFICE UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed …
Read More »Walmart’s margins hit record low as fight with Amazon takes toll
Bloomberg Walmart Inc.’s battle with Amazon.com Inc. is hitting its bottom line like never before—and testing the patience of investors. The retail giant’s push to expand online operations and cut prices contributed to a record-low operating margin last quarter, according to data compiled by Bloomberg. The profit measure narrowed to 3.3 percent, sparking concerns that Walmart’s long-enviable financial cushion is …
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