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Transcripts For KQED Nightly Business Report 20171011

Title as the Worlds Largest retailer. The company is forecasting huge growth in its online sales. And it predicts it will happen in just a few years time. At its annual investor day, the big box retailer outlined plans to invest a lot of money in its retail operations, which pitted the company against amazon in the race for shopper dollars. That sent shares up 4. 5 in heavy volume to a twoyear high. Courtney reagan takes a look at walmarts big plans for the future. Reporter walmart is making a prediction you rarely hear in retail, 40 online sales growth in the u. S. Next year. Executives spoke to analysts in arkansas, explaining progress has been made to fix the fundamentals. There is still some runway to go. The crux of the walmarts plan uses its stores and Online Business together. The retailer says consumers that shop both in its stores and on its website spend twice as much as those who buy only instore. We have to ensure were doing everything we can to earn our customers business.

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