<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Even in the middle of a quarter that did not meet Wall Street expectations, the thriving e-commerce business of the large retailer, driven largely by the popularity of online supermarkets, is running at full throttle. “data-reactid =” 12 “> Even in the middle of a quarter that did not meet expectations Wall Street, the thriving e-commerce business of the large retailer, driven largely by the popularity of online supermarkets, is running at full throttle.
–
The Walmart website is gaining strength as the company’s sales engine. Photo: Getty Images
“There has definitely been a change in consumer spending, Jharonne Martis, director of consumer research at Refinitiv, told Yahoo Finance on Tuesday. He pointed out that the focus on Walmart used to focus on the movement of people in the physical store, but now it is geared towards online growth.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Without a doubt, the movement of people remains the The retailer’s mainstay, and a metric that Wall Street closely monitors. Placer.ai, an analytics company, recently pointed out that despite being a shorter holiday season, the movement of people from Walmart stores during November, December and January was “significantly older” compared to the same period of the previous two years. “data-reactid =” 34 “> Without a doubt, the movement of people remains the mainstay of the retailer, and a metric that Wall Street closely monitors. Placer.ai, an analysis company, recently noted that despite If it was a shorter holiday season, the movement of people from Walmart stores during November, December and January was “significantly higher” compared to the same period of the previous two years.
However, Walmart is gaining strength in Internet retail, and much of that growth is due to its aggressive implementation of the online food collection and delivery service. In the last quarter, Walmart e-commerce sales skyrocketed 35%, largely driven by supermarkets.
As a result, Walmart, which first introduced a pilot online food sales program in late 2013, is putting pressure on Amazon.
At the Walmart investor meeting on Tuesday, CFO Brett Biggs said the company expects the e-commerce business to approach $ 50 billion, which is double in just over two years. The company also expects US e-commerce this year to have slightly lower losses than last year.
Like the rest of retailers, Walmart is investing in improvements due to Amazon’s strong one-day shipping competition, ”Martis de Refinitiv told Yahoo Finance.
“This does not only concern Walmart. All retailers face this increased competition, ”he added.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Related Posts: “data-reactid =” 40 “>Related Posts:
–
Despite the push of the Internet, the movement of people from Walmart stores continues to grow. Photo: Joe Raedle / Getty Images
<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "“Space to grow”“data-reactid =” 65 “>“Space to grow”
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In 2017, Amazon acquired Whole Foods in an agreement $ 13.7 billion, added the delivery of Whole Foods to its Prime service, and recently began to reduce prices at the luxury supermarket. “data-reactid =” 66 “> In 2017, Amazon acquired Whole Foods in a $ 13.7 billion deal, added Whole Foods delivery to its Prime service, and recently began reducing Prices in the luxury supermarket.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "That September, Walmart opened its 1,000th collection point, and since then it has increased its expansion efforts. At the end of 2019, Walmart offered food collection at 3,200 points and delivery at 1,600 points from its almost 4,000 stores in the United States. “Data-reactid =” 67 “> That September, Walmart opened its 1,000th collection point, and since then it has increased its expansion efforts.At the end of 2019, Walmart offered food collection at 3,200 points and delivery at 1,600 points from its nearly 4,000 stores in the United States.
Martis said Walmart has revealed exceptional numbers, from an increase in e-commerce in two consecutive years above 30% to five years of positive sales in the store itself. During the fourth quarter, Walmart registered an e-commerce growth of 35% and 37% year-round.
“Walmart is better than other retailers,” Martis said.
“When we look at the other spectrum, nobody comes close to growth in two consecutive years of almost more than 30% in direct sales of electronic commerce,” he said, adding that Walmart is in the best position to compete with the advance from Amazon.
At the meeting of the Walmart investment community held Tuesday in New York, the executive director, Doug McMillon, expressed his confidence that “there is room to grow” both in the supermarket area and in the discretionary market, in what It concerns the development of electronic commerce.
He highlighted the benefits that the food sales service on the web is having in stores, especially when it comes to the quality of the products offered.
“If we focus on the supermarket, the first thing that comes to mind is the quality of the product and what we are doing in the supply chain to make sure the stores look good,” said the executive director.
“That product is not only offered to customers every day in stores but is the one we choose and deliver,” McMillon said, adding that stores with a supermarket option “continued to show strong benefits.”
He suggested that Walmart physical stores, in which Placer.ai revealed a 3% increase in the movement of people in the period from November to January compared to the previous year, may be reinforced by its growing online dominance.
In addition to the supermarket, McMillon said that in stores “more and more merchandise can be collected in general. Then you start to see a basket that includes much more than just food and consumables. ” He also mentioned that Walmart.com is an opportunity to grow, especially with the next day delivery service and the expansion in the variety of items available.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Julia La Roche“data-reactid =” 81 “>Julia La Roche
—
