Walmart’s Second-Quarter Online Sales Grow by 37%

Walmart Q2

Walmart’s growth streak continued in its second fiscal quarter with a total revenue of $130.38 billion as opposed to analysts’ sales projection of $130.11 billion, and its eCommerce business had a pivotal role in it. The retail giant reported that its online sales increased by 37% thanks to the strong growth in online grocery. It […]

Walmart shifts resources from Jet.com to Walmart.com

In 2016 Walmart acquired Jet.com for $3.3 billion to boost its online business, but it appears the Jet.com brand may be on its way out. In a blog post published today by Marc Lore, President and CEO, Walmart eCommerce U.S., he revealed that Walmart has been “repositioning” the Jet business since last year. “Across most […]

Walmart Opens First Intelligent Retail Lab

Walmart IRL

Artificial intelligence may not be a new thing in eCommerce, what with e-tailers of all sizes maximizing its use to boost their profits. AI’s specific role in physical stores, however, hasn’t been determined yet until Walmart transformed its 50,000-square-foot Neighborhood Market in Levittown, New York into what it calls the Intelligent Retail Lab (IRL). Equipped […]

Walmart Announces New Grocery Shopping Voice Ordering Capabilities

Walmart Google

We have some breaking news direct from Walmart relating to their new voice ordering capabilities.  Walmart and Google first announced a voice partnership back in 2017, but today they have taken this integration much further. Check out the update from Tom Ward, senior vice president, Digital Operations, Walmart U.S below. Customers love our Grocery Pickup […]

Walmart Q4 Earnings Call Touts eCommerce Successes But Ignores Third-Party Marketplace

This week Walmart announced its fourth quarter earnings for 2018 which includes significant improvements in its online revenues. For the quarter, online sales increased by 43 percent YoY. For the year, Walmart’s online sales are up 40 percent, nearly doubling that business over the last two years. While these sales gains are impressive, the company […]

Walmart Releases 2018 Q4 Earnings – eCommerce Sales Up 40 Percent

Walmart

Walmart released its Q4 earnings this morning and here are some of the highlights. We will have a more comprehensive story later today with focus on Walmart’s eCommerce operations. Fourth-Quarter Highlights Total revenue was $138.8 billion, an increase of $2.5 billion, or 1.9%. Excluding currency, total revenue was $140.5 billion, an increase of $4.2 billion, […]

Ocado Expands Its Global Footprint

It seems striking a partnership with Kroger has spurred British online supermarket Ocado on to create a momentum for global expansion if not domination. During the recent Morgan Stanley Technology, Media and Telecom Conference, which was held in Barcelona, Spain, Ocado said that it’s planning to secure deals with established supermarkets in other countries. According […]

Walmart Buys Cornershop to Boost its Omnichannel Strategy

Walmart Cornershop online grocery

Walmart has decided to go head-to-head with Amazon in Mexico’s grocery industry. Just a month after the online retail giant began selling non-perishable goods online in Mexico,  the world’s largest retailer announced yesterday that it’s acquiring Cornershop. Cornershop is Latin America’s leading online grocery delivery platform. With a deal reported to be in the region […]

Shoplifting Continues to Lead Top Source of Loss For Retailers

Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail crime continued to be the leading causes, according to the annual National Retail Security Survey released today by the National Retail Federation and the University of Florida. “Retailers are making […]

Macy’s Hires Another eBay Executive to Grow Online Sales

Macy’s announced the hiring of Jill Ramsey as chief product and digital revenue officer, effective January 8, 2018. This role was created to focus on envisioning new ideas to engage shoppers and bridging the physical and virtual world through seamless shopping experiences. Ramsey is responsible for both product and revenue for macys.com and the Macy’s […]