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Walmart Is Making Big Strides in E-Commerce

John Ballard, The Motley FoolMotley FoolJanuary 10, 2019, 1:21 PM GMT. While Amazon.com(NASDAQ: AMZN) is dominating and taking names in the retail industry, Walmart's (NYSE: WMT) dependence on store traffic means it's not growing sales nearly as fast. Walmart is on pace to generate about $16 billion in e-commerce sales in fiscal 2018 (which ends in January). That's an increase of 40% over last year, which is slightly faster than Amazon's 37% year-over-year growth in sales over the previous year. While the total of Walmart's online sales still pales versus Amazon's $221 billion in trailing 12-month sales, Walmart's e-commerce growth shows that it's not going to roll over before Amazon's onslaught. Walmart's focus on opening Supercenters all over the country distracted management from the real competition emerging with online competitors 20 years ago. But that distraction might have been a blessing in disguise for Walmart.

First found on: finance.yahoo.com And then on: 1 other references

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Walmart Is Making Big Strides in E-Commerce

Published on 10/01/2019 01:21 by: www.fool.com