BusinessAmid Drama Over Flipkart's Binny Bansal, Walmart Investors Await Results
ADVERTISEMENT
Amid Drama Over Flipkart's Binny Bansal, Walmart Investors Await Results
Nobody in their right mind owns Walmart because of Flipkart, says expert
Last quarter, Walmart posted best US sales growth in more than 10 years
Last month, Walmart gave a generally rosy outlook for the upcoming year
3-day decline in Walmart shares indicates there's some concern on Wall Street about the upcoming results.
Walmart Inc. investors stomached the surprise resignation of a key executive this week, showing that they are focused less on day-to-day drama and more on quarterly results due Thursday. The world's largest retailer said Tuesday that Binny Bansal, co-founder and chief executive officer of its new e-commerce unit Flipkart, had resigned after an investigation into unverified allegations of sexual assault. The news was embarrassing for ...