Retail giant Walmart reported stronger-than-expected first-quarter earnings on Tuesday, driven by a surge in e-commerce and higher traffic in stores as the coronavirus pandemic sparked massive purchases in household goods.
“Our omnichannel strategy, enabling customers to shop in seamless, flexible ways, is built for serving the needs of customers during this crisis and in the future,” CEO Doug McMillon said in the management commentary. According to data from analytics firm Placer.ai, both Walmart and Target “have been two of the more significant retailers to track during the pandemic because of their essential retail status.”
However, Walmart said it will discontinue Jet.com, which it acquired in September 2016 for $3 billion, because of strength of the Walmart.com brand. Walmart added that the Jet.com acquisition was “critical to accelerating its omni strategy.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
They will come out extremely successful because of corona virous! Others close to the government will also come out winners! Middle class & the poor will be poorer. They will need a smart government that respects them & other classes using compassion to reach a fair equasion
THank You Walmart I Love You
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart surges after earnings report shows ecommerce nearly doubled - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well, good for them but they lost me as a customer because they have the worst customer service. Sarcastic, sassy responses from their employees.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus live updates: U.S. cases surpass 1.5 million; retail earnings show strong salesThe coronavirus has infected more than 4.82 million people globally, and killed at least 318,851 people as of Tuesday. permabullshit Follow me in Instagram . I'll follow back . . $BTC $ETH $LTC $ETC $XVG $XRP $BCH $TRX $XMR $OMG $IOTA $ZEC $XEM $IOST $ADA $TPAY $DASH $ICX $POE $ARK $LISK $HOT $BCN Lose 5 pounds in 5 days or less...order free samples by clicking here Let me know when you lose the 5 pounds... $BTC $ETH $LTC $ETC $XVG $XRP $BCH $TRX $XMR $OMG $IOTA $ZEC $XEM $IOST $ADA $TPAY $DASH $ICX $POE $ARK $LISK $HOT $BCN
Source: CNBC - 🏆 12. / 72 Read more »
Home Depot sales jump 7% but higher coronavirus-related costs drag down earningsHome Depot has had a few advantages going into the pandemic compared to other retailers. Please make news on Nepal and India border issue that India is encroaching Nepal's land Their sales jumped but higher coronavirus related costs drag down earnings.
Source: CNBC - 🏆 12. / 72 Read more »
Walmart earnings soar as e-commerce sales jump, shoppers flock to storesThe big-box retailer has sold groceries, hair color and more to customers during the coronavirus pandemic, but it's also had additional expenses as its workforce grows and more sales shift online. Walmart is garbage for garbage people . All small businesses were put out of business- elite win No kidding! Also Target, Kroger, Publix, Stop & Shop
Source: CNBC - 🏆 12. / 72 Read more »