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Walmart gears up for online battle

SeattlePI.com Tuesday, 10 October 2017 ()
BENTONVILLE, Ark. (AP) — Walmart is all about online, anticipating digital sales next year will rise about 40 percent and that it will add 1,000 U.S. online grocery locations. The retail behemoth is predicting net sales growth at or above 3 percent, driven by online sales and growth from existing stores. Walmart kicks off its annual investor meeting Tuesday in Bentonville, Arkansas. Walmart is armoring up online to take on Amazon.com and more traditional rivals, like Target. The company paid more than $3 billion for the online retailer Jet last year to speed its evolution. It's also been acquiring smaller players like ModCloth, Moosejaw and Bonobos.
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Source: Wochit Business - < > Embed

News video: Walmart Continues Path Into Online Sales

Walmart Continues Path Into Online Sales 00:37

On Tuesday, Wal-Mart unveiled its new $20 billion share buyback plan and predicted that online sales will increase 40 percent in the fiscal year which ends January 2019. The retail giant, who is currently locked in a market share battle with Amazon.com, has been doubling down on online business and...

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