Thursday, October 6, 2016

Wal-Mart plans to slow new store openings, invest in online

Wal-Mart Stores Inc. plans to slow its new store openings and pour more money into its online efforts, technology and store remodels, the company said Thursday.

Wal-Mart completed its more than $3 billion buyout of the fast-growing online retailer Jet.com last month, showing how heavily it's willing to invest to boost online sales that totaled $13.7 billion last year — still just a fraction of its annual revenue.. . . more

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