homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

February 21, 2018

Walmart's Amazon battle saps 4th quarter results

  • Walmart stock took a beating, falling 10.2 percent — its biggest single-day percentage drop in 30 years.
    • By ANNE D'INNOCENZIO
    AP Retail Writer

    NEW YORK — Walmart is getting bruised in its battle with online leader Amazon.

    The world's largest retailer on Tuesday reported a smaller-than-expected fourth-quarter profit as it wrestled with slower e-commerce sales during the busiest time of the year. The results underscore the company's challenges in a fiercely competitive retail landscape.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.