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Wal-Mart's Expanding Online Business Brightens Up An Otherwise Bleak Fourth Quarter

February 20, 2014: 12:00 AM EST
Wal-Mart highlighted its online business, which grew 30 percent to $10 billion in the fourth quarter of 2013 and is expected to grow over $13 billion in the current fiscal year. During the company’s recent earnings call with investors and analysts, company CEO Doug McMillion said the company’s position of strength in the online business includes the “potential to create transformative growth in global e-commerce and mobile commerce.” Walmart U.S. president and CEO Bill Simon, for his part, said e-commerce added 30 basis points to same store sales, with the company posting its strongest Cyber Monday sales yet. Walmart’s expansion of its small-format stores is also expected to help boost the retailer’s online business and its efforts to provide shoppers with “omnichannel experience.”
Mike Troy , "E-commerce growth sharpens Walmart’s digital focus", Retailing Today, February 20, 2014, © Retailing Today
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