Walmart’s e-commerce sales rose 97% in the US


August 19, 2020 | By RetailME Bureau

Walmart’s e-commerce sales rose 97% in the US, as the global retailer announced in its Q2 FY21 earnings. The retailer’s comparable sales in the US in Q2 grew 9.3%, while total revenue stood at $137.7 billion, an increase of $7.4 billion.

Walmart’s net sales and operating results were significantly affected by a continuation of the COVID-19 crisis, as the retailer incurred $1.5 billion in incremental costs related to the pandemic. Increased demand for products across multiple categories led to strong top-line and gross margin results.

As Walmart’s e-commerce sales rose 97% in the US, president and CEO, Doug McMillon said, “I want to give a big thank you to our associates for their tireless efforts during these unprecedented times. We also appreciate the trust and confidence of our customers. We remain focused on serving them well now and expanding our set of global capabilities to serve them well in the future.”

Meanwhile, Walmart International’s net sales stood at $27.2 billion, a decrease of 6.8%, negatively impacted by approximately $2.4 billion due to changes in currency rates. Walmart International’s net sales indicate the effects of the government-mandated closure of the company’s Flipkart business in India for a portion of the said quarter, coupled with similar actions in markets in Africa and Central America.

 

For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

UAE-based Al Maya Group announced that it will be boosting import of 

Continue Reading

June 24, 2021 | By RetailME Bureau

UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu 

Continue Reading

June 2, 2021 | By RetailME Bureau

UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau




Download Images RetailME Magazine