World Week Ahead: Eyes on US retail sales, Walmart results

Sun, 13 May 2018

By Margreet Dietz May 14 (BusinessDesk) - The latest reports on US retail sales as well as earnings from Walmart and Macy’s will form a key focus in the coming days. Walmart is set to report its latest results on Thursday following last week’s US$16 billion deal to buy India’s Flipkart. In a public filing on Saturday, the world’s largest retailer said it may take Flipkart public in as early as four years. Minority investors holding 60 percent of Flipkart’s shares “acting together, may require Flipkart to effect an initial public offe...

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