Walmart Says Its Online Sales Will Explode Next Year Amid War With Amazon

October 10, 2017

Walmart (WMT, +4.51%) expects little abatement in the pace of its torrid e-commerce growth next year, and the retailer’s latest forecast sent shares up 2% on Tuesday.

The world’s largest retailer, for years slow to respond to Amazon.com (AMZN, -0.38%) in the digital wars, has been on a tear in recent quarters, helped by the $3 billion acquisition of jet.com and overhaul of its marketplace last year, and by better integration of its stores with its digital business. The result was a 60% growth in U.S. e-commerce sales at its namesake chain last quarter.

And Walmart says domestic e-commerce sales should rise 40% in the fiscal year ending in early 2019. Last year, Walmart tapped jet.com CEO Marc Lore to head up its U.S. efforts after online sales growth had slowed under his predecessor. The company has also been on a shopping spree, snapping up smaller e-commerce players like ModCloth, Moosejaw, and Bonobos.

“We’re combining the accessibility of our stores with eCommerce to provide new and exciting ways for customers to shop,” Wal-Mart Stores CEO Doug McMillan said in a statement ahead of the retailer’s annual investor meeting.

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14 Comments on "Walmart Says Its Online Sales Will Explode Next Year Amid War With Amazon"

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Brian Marshak

So we’ll see more smartpost dropships than sure post… Yay?

Coy Tutor

This online ordering has gotten way out of control!!!!

LynnandSamantha Hensley

Stacy Traffanstedt ?

Jack T Easterling

Let’s hope so!

Jack T Easterling

Job security!!!

Shannon Cole

I’m still getting paid per the 2012 count that’s not job security that’s more packages for free

Jack T Easterling

Regardless of the count, there is still a Postal Service and that’s thanks to the package revenue.

Dianne Daley

Oh, joy…

Missy Jean Lum-Hale

Bring it. New subs need to work!

Carol Cummings

What new subs?? They don’t stay in my office

Missy Jean Lum-Hale

They never do

Stacy Traffanstedt

I am ok with delivering parcels! I just want our routes properly counted and to be given credit, and be paid, for the work.

Carol Cummings

I never ever want another Christmas like the last two… HORRIBLE!!!

Michelle Stevens

Chris Jen McNew Karen Canter Natalie Smith-Trammell Dina Whittemore-Weigand Morgan Crim-Myers Monica Louise Kayla Michelle Curtis-Janes

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