), as it looks to expand its online marketplace business and cash in on the coronavirus-driven jump in online shopping.
Online sales at retailers, from cosmetics makers to pizza chains, have boomed in the wake of the COVID-19 pandemic, which has forced customers to stay indoors. Bentonville, Arkansas-based Walmart said it expects to add 1,200 Shopify sellers to its marketplace this year and the partnership was focused on adding small- and medium-sized U.S. businesses to its platform, Walmart.com.
Last month, the company reported a 74% surge in quarterly e-commerce sales and discontinued operations at e-commerce start-up Jet.com, which it had acquired for $3.3 billion in 2016. U.S.-listed shares of Shopify rose about 3% in pre-market trading. They have soared 87% so far this year.
Does this mean Walmart will deliver a wider variety of groceries to homes?
And in Mexico... Walmart paid taxes for the first time! Now that the corrupt regimes of old, (who could easily be bought) were overwhelmingly voted out of office, in this third world country with crushing poverty, where Walmart earns millions if not billions.
Good bye small businesses.
Booo
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »