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Walmart Expects Weak Sales Growth In FY 2016

October 16, 2015: 12:00 AM EST
Walmart said it expects total net sales growth to be relatively flat for fiscal year 2016. During the company’s 22nd Annual Meeting for the Investment Community, company executives said Walmart’s investments in e-commerce platform and technologies, higher salaries, and store hours are expected to affect sales growth. Also, the company said total e-commerce and digital capital investments will be about $1.1 billion in fiscal year 2017.
Jamie Grill-Goodman, "Walmart Sales Will Remain Flat After E-Commerce Investments", Consumer Goods Technology, October 16, 2015, © Edgell Communications
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