Walmart: Online sales increase 74%
date:May 26, 2020
sales growth of 10%. Still, the American retail giant has decided to shut down its online branch Jet.com. Unprecedented demand during the coronavirus crisis enabled Walmart to record a revenue growth of 8.6% to 134.6bln dollars (123bln euros) in the first quarter of its financial year 2020, which closed at the end of April. While analysts forecast a 7.2% increase, comparable sales rose 10%. Most notable was the explosion in online sales, up by 74%. Our omnichannel strategy, enabling customers t
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