Sep 26
Walmart is railing against a Bloomberg article from this week that said the retail giant is struggling with declining sales, with a spokesman taking to CNBC to call the report “misleading” and “completely false.”
Renee Dudley of Bloomberg News reported on Wednesday that Walmart was cutting orders to suppliers for the current quarter and in the coming months because the retailer’s inventory currently outstrips demand for merchandise. The story followed on several reports from Bloomberg that have tracked Walmart’s struggling sales.
A spokesperson from Bloomberg News said the organization “stands by its reporting.”
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