Bentonville, Arkansas based Retailing Giant Wal-Mart Stores Inc. (WMT) announced its plan to buy back $20 billion of its common stock while projecting that its online sales would jump ~40 percent in its fiscal year ending January 2019. WMT shares closed at $84.13 up 4.48% or $3.61/share.
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Wal-Mart sees 40 percent online sales growth next year, shares rise
Wal-Mart Stores Inc (WMT.N) on Tuesday forecast a 40 percent rise in U.S. online sales next year as it ramps up competition with Amazon.com Inc (AMZN.O), boosting shares of world’s biggest brick-and-mortar retailer to the highest in more than two years…