BBCNEWS Asia Business Report June 4, 2024 01:31:00
All of that bodes well for walmart which is forecast to report a 4% rise in sales. results from the world's largest retailer should also offer a glimpse into demand for back—to—school items. traders are hoping that, despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. staying with retail, jd.com beat analysts�* forecast for second—quarter revenue which rose more than 7% to nearly $40 billion. the chinese e—commerce giant's focus on lower—priced products paid off in the fight for customers amid an economic slowdown. the company said...