At Walmart, e-commerce net sales increased 50 percent over this time last year. Walmart now has online grocery at more than 1,100 stores, with plans to bring it to another 1,000 stores over the next year.
Walmart recently launched an ecommerce marketplace and online grocery operation in Mexico as well. Walmart executives said the company’s priorities going forward will be focused more on digital initiatives than brick and mortar expansion.
“In terms of capital allocation, we’re prioritizing eCommerce, technology, supply chain and store remodels over new stores and clubs, which we believe will contribute to long-term value creation for shareholders,” Walmart Executive Vice President and Chief Financial Officer Brett Biggs said on a call with investors.
No comments:
Post a Comment