Walmart says US online sales grew by 33 percent

Wednesday 30 May 2018 11:16 CET | News

Walmart has reported their fiscal first-quarter earnings that beat expectations, thanks to its ecommerce business rebounded.

Walmart said US online sales grew 33%, reporting an increase in sales for online groceries. Representatives also noted that partnerships have also helped them boost their ecommerce performance. 

The retailer put significant effort into preparing its stores for an expected increase in online deliveries. The company also wants to increase online grocery pickup by around 1000 stores in 2018, bringing it to more than 2,100 locations across the US. 

The competition, both online and at its brick-and-mortar business, has put the squeeze on Walmarts profitability. The retailer reported its gross profit margin dropped 15 basis points, hurt by heavy discounting and higher transportation costs.

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Keywords: Walmart, US online sales, ecommerce US, Walmart ecommerce
Countries: World