Wal-Mart Expects 30 Percent Growth For Online Revenue In FY 2015

Wal-Mart, the world’s largest retailer and operator of almost 4,000 stores in the U.S. alone, said it hopes to see a 30 percent growth for its ecommerce revenue in 2014. With online retail sales in the country growing 9 percent in 2013 and forecast to expand at a compound annual growth rate of 9.5 percent until 2018, Wal-Mart can also count on its omni-channel initiatives, improved product variety offered online, and enhanced delivery efficiency. Also, the retailer is confident it can use its presence and network across the country in competing strongly against online retail giant Amazon. After growing 27 percent in the first quarter of fiscal year 2015, Wal-Mart’s online revenue trends imply the company is likely to hit its online revenue growth target.