Walmart just proved it’s immune to the retail apocalypse (WMT)
|05/18/2017||Posted by BusinessMediaguide.Com under General World News||
Walmart reported Thursday that ecommerce sales soared 63% in its most recent quarter, compared to 29% growth the prior quarter. The company said the the majority of these sales were organic through Walmart.com.
Walmart’s $3 billion acquisition of online retailer Jet.com also helped the company boost ecommerce sales.
But Walmart’s growth isn’t all online.
The company said US same-store sales grew 1.4%, beating analyst expectations of 1.3%, and marking the tenth consecutive quarter of comparable-store sales growth.
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