Walmart Online Performance Improves By 10% During Q3
Walmart's online channel’s sales figures improved during the third quarter of the 2015-16 financial year by ten per cent on a like-for-like basis, lsa-conso.fr reports.
The American multinational grew in this regard in spite of sluggish e-commerce market conditions in China and Brazil. In terms of turnover, the company announced a slight overall dip in performance of 1.3 per cent for Q3.
Its CEO, Doug McMillon, said, “We will be the first to provide a seamless customer experience.
“Online grocers are testing the fortitude of physical grocers, as they well know that the consumer now expects an online channel. This is a scenario in which the better will triumph, but only Walmart offers a dense network of stores and a digital option to truly win over customers.”
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.