Walmart to take $2bn loss — that’s Asda price

(Source: The Times) The American owner of Asda has warned that it will take a hit to its profits by absorbing a $2 billion loss from the deal with J Sainsbury. The decision to take the loss underscores Walmart’s drive to reduce its exposure to bricks-and-mortar retail and to divert its resources online as it tries to fend off Amazon, the ecommerce …