Walmart Makes Flipkart Investment Official

The much talked about deal between Walmart and Flipkart is now official, as the U.S.-based discounter is investing $16 billion in the India-based e-commerce outlet.

Pier 1 Launches Strategic Plan After Weak Q4

After a distressing fourth quarter in which earnings and comparable sales fell significantly, Pier 1 Imports has formed a new strategic plan that will pressure financial results short term but lead to gains down the road, the company asserted.

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