Executive Briefings

Walmart Reports Ecommerce Sales Grow 30 Percent

Walmart's second quarter sales climbed 2.1 percent to $68.7bn, driven by omnichannel investments in ecommerce logistics, updated mobile applications, expanded online inventory, products available for pick-up in store and rolling out fulfillment capabilities to an increasing number of supercenters.

Walmart Reports Ecommerce Sales Grow 30 Percent

In the first half of 2013, Walmart's ecommerce sales soared 30 percent and the retailer doubled its online inventory partly by increasing the number of sellers on its marketplace, with the goal of doubling its Web product offerings again by year end. It also added new Web order pick-up capabilities with the Washington, D.C., pilot launch of Amazon-style lockers, which 90 percent of users have positively rated, CEO Bill Simon said.

Further still, Walmart continues to look for ways to increase the ecommerce profit margin. "We are piloting new programs in logistics to lower the cost of delivery and improve profitability for ecommerce orders," said CFO Charles Holley.

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In the first half of 2013, Walmart's ecommerce sales soared 30 percent and the retailer doubled its online inventory partly by increasing the number of sellers on its marketplace, with the goal of doubling its Web product offerings again by year end. It also added new Web order pick-up capabilities with the Washington, D.C., pilot launch of Amazon-style lockers, which 90 percent of users have positively rated, CEO Bill Simon said.

Further still, Walmart continues to look for ways to increase the ecommerce profit margin. "We are piloting new programs in logistics to lower the cost of delivery and improve profitability for ecommerce orders," said CFO Charles Holley.

Read Full Article

Walmart Reports Ecommerce Sales Grow 30 Percent