Recode: Walmart faces $1B e-commerce loss, may sell ModCloth
Walmart's e-commerce unit is projected to lose $1 billion this year on as much as $22 billion in revenue as the retail giant races to catch up with Amazon online, according to a report released Friday by Recode that cited anonymous sources. As pressure mounts on the division and its head, Marc Lore, Walmart has considered selling some of its relatively recent online fashion acquisitions, namely...
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