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The world's largest retailer Walmart in the second fiscal quarter ended July 27, increased comparable sales in the US by 4.5%, showing the maximum rate for 10 years. The growth of the indicator is due to high sales of food, clothing and seasonal goods. Experts had expected growth of only 4%. Quarterly revenue was $128 billion, having increased by 3.8% and exceeding the average market forecast of $126 billion. Sales of the online store grew by 40%. Outside the US, Walmart's revenue increased 4% to $29.5 billion. As a result of the quarter, the retailer recorded a net loss of $861 million against a net profit of $2 billion 900 million a year earlier due to one-time write-offs related to the sale of an 80 percent stake in Walmart Brazil.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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