We review Walmart's second quarter results and its outlook as the business adapts to the new trading environment. Walmart's key numbers Walmart's total revenue in Q2 increased by 5.6% to $137.7bn Operating income increased 8.5% to $6.1bn Sales in its US stores increased by 9.5% to $93.3bn and by 8.8% to $16.4bn at Sam’s Club US comp store sales increased by 9.3%, with average ti...

In its Q3 2019/20 results, Metro reported a 17.5% decrease in like-for-like (LFL) sales, compared to the previous year, driven by the Coronavirus (COVID-19) pandemic and its negative impacts on the hospitality sector. However, as of July this year, Metro noted that sales had recovered to the previous year’s level in its Hotels, restaurants and catering (HoReCa) division. Germany: like-for-like...

Walmart’s majority-owned Flipkart operation in India is launching a new wholesale business. As part of this initiative, Flipkart is acquiring Walmart’s existing business in India. Slow progress in developing its wholesale stores Walmart entered the Indian market over 10 years ago, initially forming a joint venture with Bharti Enterprises. When this was terminated in 2013, Walmart acquired t...