Consumer goods giant Walmart has taken a huge hit from its own recent bankruptcy, with sales of merchandise down more than 60% compared with last year.
Walmart has announced that its share price has fallen by almost 25%, and has shed more than half its market capitalization.
Walmart’s shares are down by more than 50% since the beginning of the year.
While the company still has a strong position in the consumer market, the company’s sales have been falling.
This is a particularly concerning trend given that Walmart is already facing competition from cheaper local vendors, such as Target and Walmart, that are offering cheaper goods.
Walmart announced that it would no longer sell online orders to its competitors, meaning that customers can no longer order products online from these companies.
Walmart will no longer provide online shopping services for its brands, as it has done for decades, including in the United States.
Walmart also announced that there will be a new loyalty program that offers rewards and discounts to customers who buy Walmart products online.
While this may seem like an improvement on the company offering free shipping to all customers, Walmart’s new loyalty scheme may actually drive the company even further into the red.
Walmart is also facing new legal problems, as the company is facing a federal investigation into allegations of illegal payments to workers and suppliers.
This comes as Walmart continues to face the threat of a class action lawsuit brought by workers at the company, who claim that the company pressured them into signing on for excessive overtime pay, which led to the death of one worker.
Walmart had to pay more than $1 billion in back wages and punitive damages to workers who were paid less than minimum wage.
Walmart did not immediately respond to Ars’ request for comment.
Walmart lost almost $8 billion in sales in 2016.
The company has been struggling to come up with new ways to grow its sales.
As a result, it has been laying off thousands of employees in order to balance its books.
Walmart says it has now hired 3,000 people to help it address the losses.
The move has been criticized by some as another sign that Walmart has lost its focus on its core business.
Walmart reported that it is still losing $9.5 billion annually in profits, and its stock price is down more more than 20% since it launched its new loyalty initiative.
Walmart may also face new competition in the coming months.
Walmart plans to open more stores and sell more goods in the U.S. It has also recently made plans to invest billions of dollars in its distribution network, which could help the company expand its reach further into emerging markets.
Walmart was one of the largest retailers in the world until it went bankrupt in 2015.