Walmart's $14 Billion Bet on Growth

Walmart (NYSE: WMT) just ended a record year on a high note. The world's leading retailer revealed this week that sales growth sped up over the holiday season as consumers consolidated shopping trips while spending more in areas like home furnishings and consumer electronics.

The company handled fewer customer visits in the fourth quarter, while peers like Costco continued to see higher traffic. But Walmart offset that slump with far higher spending per trip. Its outlook for the next year, meanwhile, includes a spending surge aimed at paving the way for more growth ahead.

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Source Fool.com