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Walmart’s multifaceted quest for online supremacy
Walmart held an invite only media event at the San Bruno, Calif. headquarters of its global e-commerce subsidiary and several things were clear as news reports trickled out from the event.
For starters, Walmart is in full blown experimentation mode and probing many different aspects of how to serve digitally empowered customers even as customers are still figuring out how they want to be served.
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Toys ‘R’ Us profit and sales down in Q4 and full year; withdraws IPO plan
Wayne, N.J. -- Toys “R” Us on Friday reported that its sales and profits declined in the fourth quarter and the full year. The company also revealed in a regulatory filing with the U.S. Securities and Exchange Commission that it is withdrawing its plan to go public, blaming “unfavorable market conditions” and its “executive leadership transition” for the decision.