Thursday, July 6, 2017

Walmart’s Marketplace Gains Ground Fast

Image result for walmart.com packageWalmart first started marketplace selling in 2009, but it was years before it began to expand the platform aggressively. In the past year, it has increased its assortment to 50 million items from 10 million, the company said in Q1 earnings announcement in May. (Amazon, in comparison, says it carries “hundreds of millions” of items.)

Walmart declined to give eMarketer Retail a breakdown between company-owned and third-party inventory, but it has cited third-party marketplaces as a contributing factor in Walmart.com's 63% gain in Q1 sales and the 69% jump in total gross merchandise sales.. . . more

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