Walmart is trying to turn e-commerce into a profitable business and drive up sales of general merchandise, such as apparel.
The big-box retailer expects e-commerce growth to slow to about 30% in fiscal 2021.
Cashiers ring up shoppers at a Walmart Inc. store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019.Walmart will combine its team of buyers for Walmart.com and its team of buyers for the company's stores as the big-box retailer aims to turn e-commerce into a profitable business, according toWalmart previously relied on the two separate teams to choose products and prices for its website and stores. The two sides of the business have separate chief executives.
Walmart has seen a surge of e-commerce growth, fueled by its online grocery business. It reported online sales growth of 35% during the period and 37% for the year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alabama's Henry Ruggs Will Run 4.20 40-Yard Dash At Combine, Teammate SaysJohn Ross' NFL combine record is in serious trouble this week.
Read more »
Walmart just knocked $252 off a massive Samsung 55-inch 4K smart TV—'This TV will blow your mind'Walmart just knocked off $252 off a massive Samsung 55-inch 4K smart TV—'This TV will blow your mind'
Read more »
The Best Oat Milk You Can Buy at the StoreWe tasted 11 widely-available oat milks to find the best one for drinking with coffee and by the glass.
Read more »
Key lessons from a retired Army sergeant for running a business - Business Insider5 key lessons a retired Army sergeant picked up from his 34-year military career that have guided him as a successful entrepreneur
Read more »
'Guilty as charged': Schumer admits to spending over $8,600 on cheesecakeSen. Minority Leader Chuck Schumer on Sunday acknowledged a report that he spent more than $8,600 on cheesecake in under 10 years, saying it is his 'guilty pleasure.'
Read more »