Walmart sees a 50 percent surge in ecommerce sales

Monday 20 November 2017 10:12 CET | News

Walmart has reported a strong growth in profits as ecommerce sales increased by 50% putting investors into an optimistic mood. 

The company’s third-quarter earnings report released on 16 November shows that the company’s online sales grew by 50% putting it in a solid position to compete with Amazon, its biggest rival on US soil. 

The announcement was followed by a surge in stock value and dividend increases. 

Walmart has made strong investments in its ecommerce strategy. In 2016, the US retailer has acquired for USD 3 billion and in 2017, acquired online apparel retailer Bonobos. Furthermore, the company has created  Store No. 8, an internal venture meant to plan new online retail businesses.

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Keywords: Walmart, ecommerce, online sales, online retailing, Bonobos,, Amazon, ecommerce sales
Categories: Payments & Commerce | Ecommerce
Countries: World
This article is part of category

Payments & Commerce