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HomeTrading NewsNew York’s Thrive Capital closes its eighth fund with a whopping $3 billion

New York’s Thrive Capital closes its eighth fund with a whopping $3 billion

Reuters

Walmart posts record holiday sales as spending remains firm

(Reuters) -Walmart Inc fought off snarled supply chains and rising inflation to post its largest-ever holiday season sales and forecast more gains in 2022, a sign the retailer expects consumers to keep spending in its stores. Walmart’s investments over the past year, which included chartering ships, raising worker wages three times, and developing alternative streams of revenue, helped the company prepare for the holiday season without suffering higher costs, analysts said. On a post-earnings call, Walmart said it also had a “competitive advantage” over other businesses struggling with supply chain constraints as it sources over two-thirds of its products from the United States, helping it grow inventories by 28% in the quarter.

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