BUSINESS NEWS

Walmart Withstands Pandemic Blows, Higher Costs to Boost Business



For Walmart Inc., being the country’s largest retailer by revenue has helped it navigate higher supply-chain and wage costs, labor shortages and rising prices.

On Thursday Walmart reported stronger sales over the winter holiday shopping season and said it is largely absorbing higher costs. At the same time it continues to try to create new sources of profit beyond its core retail business to help fend off Amazon.com Inc.



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