the number of customers it allows in stores in response to the rising cases. The reintroduction of coronavirus measures coupled with the slowdown of October retail spending could point to a drop in Walmart's in-store sales potential, especially its in-store Black Friday and December sales, which have historically been lucrative spending holidays for the retailer.
But ecommerce could be Walmart's saving grace into the next quarter. Walmart's unprecedented ecommerce growth during the pandemic—which Walmart CFO Brett Biggs has amounted to three to five years of ecommerce acceleration in a matter of weeks and months—can help it drive up overall sales into the next quarter.
the apparel offerings on its website. Additionally, Walmart plans to leverage the online shopping surge by bringing a portion of its Black Friday and Cyber Monday sales online, which may help it offset potential in-store declines.Join other Insider Intelligence clients who receive this Briefing, along with other Payments & Commerce forecasts, briefings, charts, and research reports to their inboxes each day.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: wwd - 🏆 24. / 68 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »