Future of Retail

The Walmart juggernaut

Walmart
A busy Friday night, decades ago. Photo: Steve Liss/LIFE/Getty

As Amazon's market power has sunk big box stores left and right, Walmart seemed next in line for a big hit. But the 56-year-old legacy retailer has been surprisingly nimble as it stares down the formidable everything store.

Driving the news: Walmart today easily beat earnings expectations for Q4 of 2018, giving its stock a 5% boost at one stage. The company reported a whopping 43% year-over-year increase in online sales — for the second quarter in a row.

Payless' second bankruptcy follows a pattern

Data: BankruptcyData; Chart: Axios Visuals
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