Bentonville Archive

Wal-Mart Profit Beats Expectations With Stocks Rising

BENTONVILLE, United States — Wal-Mart Stores Inc , the world’s largest retailer, reported a higher-than-expected quarterly profit on Thursday as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent. Excluding a non-cash gain from the sale of Wal-Mart’s e-commerce business in China and other items, earnings per share came to $1.07 in the second …

Wal-Mart to Buy Jet.com to Compete with Amazon

BENTONVILLE, United States — Wal-Mart Stores Inc said on Monday it would buy online retailer Jet.com for about $3 billion (£2.30 billion), the largest-ever deal for an e-commerce startup, as it races to build a Web business to better compete with Amazon.com Inc . Wal-Mart’s online business has struggled, posting its slowest growth in a year in the latest quarter, and the Jet deal reflected …

Wal-Mart in Talks to Buy Online Retailer Jet.com

BENTONVILLE, United States — Wal-Mart Stores Inc is in talks to buy online retailer Jet.com, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. It was not clear how much Wal-Mart would pay, but Jet.com could be worth as much as $3 billion (£2.25 billion), the WSJ said. Wal-Mart declined to comment. Jet.com, considered a formidable competitor to Amazon.com Inc, was …