US online sales at Walmart rise by 37pcWalmart’s same-store sales of 1.9 percent this quarter were well below the 3.2 percent increase in the previous period. It was, however, the 22nd consecutive quarter of same-store sales gains. Online sales in the U.S. gained by 35 percent, weaker than the 41 percent increase booked in the previous quarter. For the year, U.S. online sales were up by 37 percent. For the current fiscal year, the company’s online sales should be up by 30 percent, to US$50 billion.

Source: The Standard February 19, 2020 02:37 UTC