Walmart’s Sales Gains Slow as Pandemic Drags On

Walmart’s Sales Gains Slow as Pandemic Drags On

“Within Walmart’s results are some mixed trends,” said John Zolidis, president and retail analyst at Quo Vadis Capital. “Clearly ecommerce has accelerated, but we can also see traffic was down 14% for the second consecutive quarter and that’s a big number.” Mr. Zolidis gave Walmart a “sell” rating last month, saying that it will be hard for the retailer to upstage its current results next year.

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