Walmart has almost 5,000 stores in the US, which they may seem like an obvious drag on its business when much of the country is sheltering in place, but that huge network of stores is helping drive the retailer’s e-commerce business amid the pandemic. Digital sales of groceries have been central to Walmart’s growing online sales, and may be the one area of e-commerce where Walmart could have an advantage over Amazon. On a call with investors and analysts today, Walmart CEO Doug McMillon said since mid-March, when social-distancing rules went into effect around much of the US, the company has seen four times as many new customers as normal trying delivery or pickup of online orders. Read More...
Covid-19 is helping Walmart make up ground against Amazon
Walmart has almost 5,000 stores in the US, which they may seem like an obvious drag on its business when much of the country is sheltering in place, but that huge network of stores is helping drive the retailer’s e-commerce business amid the pandemic. Digital sales of groceries have been central to Walmart’s growing online sales, and may be the one area of e-commerce where Walmart could have an advantage over Amazon. On a call with investors and analysts today, Walmart CEO Doug McMillon said since mid-March, when social-distancing rules went into effect around much of the US, the company has seen four times as many new customers as normal trying delivery or pickup of online orders.
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