Executive Briefings

Wal-Mart Sees Strong Growth in U.S. E-Commerce

As its Jet.com acquisition continues to pay out, Wal-Mart is seeing hyper growth in e-commerce, with U.S. online sales up 63 percent in the first quarter. On the physical side of things, Wal-Mart's store traffic and same-store sales were both up in an extremely challenging retail environment, rising 1.5 and 1.4 percent respectively.

The company said the majority of the online growth was organic through Walmart.com.

"Greg Foran, Marc Lore and the team continue to partner closely to serve our customers and figure out how to invent a seamless shopping experience for our customers across our apps, sites and stores," said Wal-Mart Stores President and CEO Doug McMillon in an earnings call. "They are plowing new territory and I'm excited about what’s to come."

Walmart.com launched two new initiatives in the quarter, including a change to shipping terms at the beginning of the quarter that included spiking its two-year-old ShippingPass subscription program.

“Customers don’t have to pay a membership fee to get two-day shipping on millions of items,” said McMillon. “Second we recently began offering customers pickup discounts on non-store items. Our stores are located within 10 miles of nearly 90 percent of the U.S. population so this is convenient for many of our customers and also saves them money.”

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The company said the majority of the online growth was organic through Walmart.com.

"Greg Foran, Marc Lore and the team continue to partner closely to serve our customers and figure out how to invent a seamless shopping experience for our customers across our apps, sites and stores," said Wal-Mart Stores President and CEO Doug McMillon in an earnings call. "They are plowing new territory and I'm excited about what’s to come."

Walmart.com launched two new initiatives in the quarter, including a change to shipping terms at the beginning of the quarter that included spiking its two-year-old ShippingPass subscription program.

“Customers don’t have to pay a membership fee to get two-day shipping on millions of items,” said McMillon. “Second we recently began offering customers pickup discounts on non-store items. Our stores are located within 10 miles of nearly 90 percent of the U.S. population so this is convenient for many of our customers and also saves them money.”

Read Full Article