Walmart ecommerce sales to shoot up in 2019

Wednesday 11 October 2017 14:28 CET | News

Walmart is forecasting a 40% ecommerce sales growth in fiscal 2019 (ends in January) and plans to add 1,000 online grocery pickup locations at its US stores.

Walmart also unveiled a USD 20 billion share repurchase programme to replace its existing plan, announced in October 2015. The new authorization will be used over a two-year period.

The retailer will continue to focus on remodeling existing stores and incorporating digital experiences in place of building new locations.

Online transactions surged 60% during the Q2 of 2017, according to Walmart report in August.

For the fiscal year 2019, Walmart expects earnings to increase about 5% year over year, with net sales close to 3%, driven by same-store and ecommerce sales growth.

In fiscal 2019, across the US Walmart will open fewer than 15 Supercenters and fewer than 10 of its Neighborhood Markets.

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Keywords: Walmart, ecommerce, sales, grocery, pickup, US, North America, stores
Categories: Payments & Commerce | Ecommerce
Countries: World
This article is part of category

Payments & Commerce