A man walks outside a Walmart in China. Tomohiro Ohsumi | Bloomberg | Getty Images Walmart’s online shopping strategy pays off in China, probably one of the most developed e-commerce markets in the world. The giant discount trade reported on Tuesday that net sales of e-commerce in China grew 104% …
Read More »Walmart advocates launching membership program as e-commerce launches
Customers shop on May 19, 2020 at a Walmart store in Chicago, Illinois. Scott Olson | Getty Images Walmart gave investors a few hints about its upcoming membership program Tuesday, saying it will offer customers benefits such as fast deliveries and low prices. For the past few months, investors and …
Read More »Walmart says consumer spending dropped as stimulus controls ran
Buyers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Walmart’s second-quarter fiscal sales received a boost from this spring’s stimulus checks, but that fell off in July when shoppers spent that money. Now, the retail giant is waiting …
Read More »Walmart (WMT) Q2 2021 revenue
Customers wearing face masks at a Walmart on July 15, 2020 in Washington, DC Sha Hanting | China News Service via Getty Images Walmart is set to report its second-quarter fiscal revenue ahead of the clock Tuesday as the coronavirus pandemic shakes consumer shopping patterns. Here’s what Wall Street expects, …
Read More »Delay of Amazon Prime Day, uncertain back-to-school changes the store calendar
Shoppers may just count on end-of-summer offers and promotions after school this time of year, but the coronavirus pandemic has thrown the retail calendar out of the way, making year-over-year comparisons difficult. “Changes in expenditure on school / college are the latest factor comparison compared to last year. We are …
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