Walmart (NYSE: WMT) has added another e-commerce trophy to its growing list of accolades: The big-box retailer has surpassed online pioneer eBay (NASDAQ: EBAY) for a share of e-commerce sales in the U.S. for the first time in May 2020, according to eMarketer. Walmart has now moved into the No. 2 spot with 5.8% of digital retail, while eBay slipped into third with 4.5%. During Walmart's first quarter, which ended May 1, the company reported e-commerce sales that jumped 74% year over year, with strong contributions from its grocery pickup and delivery services, Walmart.com, and its marketplace. Read More...
Walmart’s E-Commerce Sales Eclipse eBay’s for the First Time
Walmart (NYSE: WMT) has added another e-commerce trophy to its growing list of accolades: The big-box retailer has surpassed online pioneer eBay (NASDAQ: EBAY) for a share of e-commerce sales in the U.S. for the first time in May 2020, according to eMarketer. Walmart has now moved into the No. 2 spot with 5.8% of digital retail, while eBay slipped into third with 4.5%. During Walmart’s first quarter, which ended May 1, the company reported e-commerce sales that jumped 74% year over year, with strong contributions from its grocery pickup and delivery services, Walmart.com, and its marketplace.
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