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.
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...
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... Seattle Times - Front PageAlso reported by •SeattlePI.com •bizjournals
Shares in US retail giant Walmart Stores Inc (NYSE:WMT) nudged higher in pre-market as it repeated its earnings guidance for the current year and announced... Proactive Investors - BusinessAlso reported by •Seattle Times