Wal-Mart Sees More Spending on E-Commerce, Remodelling

Walmart's shares fell after forecasting flat earnings for the next fiscal year, missing analyst estimates. CEO Doug Mcmillon highlighted investments in wages and store improvements, with a shift away from opening new stores. The company plans to spend $11 billion on e-commerce and store remodeling. Investors are concerned about Walmart's ability to compete with Amazon, as its online sales growth lags behind the market. Recent acquisitions like Jet.com and potential investments in Flipkart aim to boost online presence. The market's reaction was muted, as these challenges were anticipated.

What challenges does Walmart face in growing its online sales compared to the overall market?

What are the implications of Walmart's recent acquisitions for its future online sales growth?