Walmart’s Second-Quarter Online Sales Grow by 37%
Walmart’s growth streak continued in its second fiscal quarter with a total revenue of $130.38 billion as opposed to analysts’ sales projection of $130.11 billion,…
Walmart shifts resources from Jet.com to Walmart.com
In 2016 Walmart acquired Jet.com for $3.3 billion to boost its online business, but it appears the Jet.com brand may be on its way out….
Walmart Opens First Intelligent Retail Lab
Artificial intelligence may not be a new thing in eCommerce, what with e-tailers of all sizes maximizing its use to boost their profits. AI’s specific…
Walmart Announces New Grocery Shopping Voice Ordering Capabilities
We have some breaking news direct from Walmart relating to their new voice ordering capabilities. Walmart and Google first announced a voice partnership back in…
Walmart Q4 Earnings Call Touts eCommerce Successes But Ignores Third-Party Marketplace
This week Walmart announced its fourth quarter earnings for 2018 which includes significant improvements in its online revenues. For the quarter, online sales increased by…
Walmart Releases 2018 Q4 Earnings – eCommerce Sales Up 40 Percent
Walmart released its Q4 earnings this morning and here are some of the highlights. We will have a more comprehensive story later today with focus…
Ocado Expands Its Global Footprint
It seems striking a partnership with Kroger has spurred British online supermarket Ocado on to create a momentum for global expansion if not domination. During…
Walmart Buys Cornershop to Boost its Omnichannel Strategy
Walmart has decided to go head-to-head with Amazon in Mexico’s grocery industry. Just a month after the online retail giant began selling non-perishable goods online…
Shoplifting Continues to Lead Top Source of Loss For Retailers
Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail…
Macy’s Hires Another eBay Executive to Grow Online Sales
Macy’s announced the hiring of Jill Ramsey as chief product and digital revenue officer, effective January 8, 2018. This role was created to focus on…