By  on January 22, 2018

As if it weren't already obvious, several recent moves by Wal-Mart Inc. further underscore the retail giant's focus on e-commerce and digital, where sales in the second and third quarters, jumped 50 and 60 percent, respectively.Wal-Mart on Jan. 11 said it will close 63 Sam's Club stores, which is about 10 percent of the fleet, an announcement that almost got lost in the news that same day about the retailer's plans to raise the hourly wage of full-time sales associates to $11.The retailer has no tolerance for underperforming stores or lagging international units. Wal-Mart is reportedly talking with buyout firm Advent International Corp. to sell a major stake in its Brazil operations, which has been hurt by the country's economic slowdown and competition from discounters.

A spokeswoman for Advent declined to comment. Asked about the sale of  the Brazil unit, the director of communications for Wal-Mart Latin America, said, "We don't comment on rumors or speculation."

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