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Wal-Mart
12-10-2017, 01:11 PM,
Post: #21
RE: Wal-Mart
Wal-Mart Expects Online Sales to Surge 40%

By Matthew Boyle
October 10, 2017, 7:45 PM GMT+8 Updated on October 10, 2017, 11:25 PM GMT+8

Wal-Mart Stores Inc. expects U.S. e-commerce sales to surge 40 percent in the next fiscal year as its online investments allow the retail giant to play catch-up with Amazon.com Inc.

The company also plans to add 1,000 online-grocery locations -- roughly double the current number of sites, which help fill orders from customers buying their food on Walmart.com. Total sales, meanwhile, are expected to grow at or above 3 percent, the retailer said as part of a forecast issued ahead of its shareholder meeting on Tuesday.

The upbeat guidance triggered Wal-Mart’s biggest rally in more than a year, lending evidence to the view that its company-changing bet on e-commerce is beginning to pay off. Chief Executive Officer Doug McMillon has channeled more than one-third of the business’s capital spending budget into digital initiatives -- like specialized e-commerce distribution centers -- up from just 20 percent a few years ago.

More details in https://www.bloomberg.com/news/articles/...ses-amazon
Specuvestor: Asset - Business - Structure.

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