Pursuits
Wal-Mart Cost-Cutting Options Seen Including Sam's Club Spinoff
- Retailer is reviewing its portfolio after weak profit forecast
- Analysts see Brazilian business is a potential place to cut
Should Investors Continue to Invest in Wal-Mart?
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Wal-Mart Stores Inc. may look to shutter some of its massive U.S. stores and exit poor-performing markets overseas to help revive growth after the retailer warned of an unprecedented decline in earnings next year.
Chief Executive Officer Doug McMillon told investors this week that he is reviewing the company’s portfolio across the globe and will “close stores that should be closed.” The retailer has already been selling off businesses that aren’t core to its operations, such as a restaurant chain in Mexico and a property company in Chile.