WASHINGTON, DC–Wal-Mart has announced that it expects its US e-commerce business to increase its online sales by 40% for fiscal 2019. It is a formidable projection considering its online operations are now five years old; although perhaps not as much in light of the fact that its online sales skyrocketed by 60% in Q2 of this year.
It is little secret that the retailer is competing not only with Amazon but other stores such as Target, where people also shop online for their sundry goods. Now Wal-Mart is adding grocery items to the mix, with its plans to open 1,000 grocery pickup spots at its US stores for online purchases.
“We're combining the accessibility of our stores with e-commerce to provide new and exciting ways for customers to shop,” CEO Doug McMillon said in a prepared statement.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
