Shelly Banjo, Columnist

The End of an Era At Walmart

But the retail giant is rightly focusing on the future.

March 31, 2016 at 7:11 PM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

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Not every milestone is worth celebrating.

For the first time ever -- or at least since the company went public some 45 years ago -- Walmart's revenues shrank from the year before, according to its annual financial filing released Wednesday.