Walmart’s soaring e-commerce and in-store sales bode well for seafood product suppliers already selling with the massive global retailer, as well as those attempting to get in the door.
Walmart’s United States stock price soared by more than 10 percent on 16 August after the retailer reported a spike in e-commerce net sales of 40 percent, and a comparable store sales increase of 4.5 percent.
Walmart’s in-store sales were led by groceries, apparel, and seasonal merchandise. The retailer is attracting new customers as it expands e-commerce capabilities, according to U.S. CEO Greg Foran, CNBC reported. At the same time, existing customers are adding more merchandise to their carts.
Walmart’s e-commerce sales spiked, in part, due to the addition of more than 1,000 new products on its website, according to Walmart. The company is on track to reach around 40 percent of the U.S. population with grocery delivery by the end of the year and its grocery pickup service is now in more than 1,800 locations.
“Ninety percent of Americans live within 10 miles of a Walmart store, and we serve more than 150 million customers a week, which gives us a unique opportunity to make every day a little easier for busy families,” Tom Ward, vice president of digital operations for Walmart U.S., said this spring.
Walmart’s total revenue grew 3.8 percent to USD 128 billion (EUR 113 billion).
Walmart U.S. comp sales growth of 4.5 percent represents the retailer’s strongest growth in comp sales in more than 10 years, according to the retailer.
“Strong comp sales were supported by traffic and ticket growth as each exceeded two percent,” Walmart said in a press release.
Meanwhile, Sam’s Club comp sales soared five percent, the club chain’s strongest growth in six years. Net sales at Walmart International soared four percent to reach USD 29.5 billion (EUR 26 billion).
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