Wal-Mart (WMT) Cuts Order to Suppliers to Reduce Inventory
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Price: $106.09 +0.16%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
Revenue Growth %: +4.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
Revenue Growth %: +4.3%
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(Updated - September 25, 2013 1:36 PM EDT)
Wal-Mart (NYSE: WMT) is said to be cutting orders to suppliers to address rising inventories, according to Bloomberg. Bloomberg obtained an email sent to suppliers that said, "We are looking at reducing inventory for Q3 and Q4." The article said similar emails were sent to other suppliers.
Wal-Mart (NYSE: WMT) is said to be cutting orders to suppliers to address rising inventories, according to Bloomberg. Bloomberg obtained an email sent to suppliers that said, "We are looking at reducing inventory for Q3 and Q4." The article said similar emails were sent to other suppliers.
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