Retail News

Warren Buffett sells $900 million in Walmart stock

Business Insider 02/15/2017

Last quarter, Warren Buffett’s Berkshire Hathaway company dumped nearly 90 percent of its holdings in Walmart, diverting investments to airline and tech stocks. In commenting to Bloomberg at his shareholders’ meeting on the rise of online retail at the expense of brick and mortar, Mr. Buffett said, “It is a big, big force and it has already disrupted plenty of people, and it will disrupt more.”

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!