Tuesday, February 20, 2018

Walmart online sales growth slips in fourth quarter

While e-commerce sales rose in the holiday quarter, retail giant Walmart saw a slip from the previous three-month period, apparently shaking investors. 

E-commerce sales were up 23% in the final quarter of 2017, and soared 44% for the full year to $11.5 billion. But the fourth quarter's performance reflected a steep slide from the previous three month period when online sales jumped 50%.

The company said that the decrease was mostly expected, as sales growth on Jet.com, which it acquired in 2016, slowed. But operational snafus in terms of having the proper amount of inventory available during the holiday season also contributed to the dip.  . . . more

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