Professor Elam

Wed Nov 18 2020

WMT announced that shopping habits have permanently changed.

WMT notes that people spend more shopping on line. WMT has seen this and acted appropriately.

The company reported U.S. comp sales rose 6.4% during the third quarter, with most of this gain coming from e-commerce. Walmart said in its quarterly report that e-commerce — where revenues grew 79% in the third quarter — was responsible for 5.7% of this increase. Both online sales and orders placed online for in-store pickup are included in Walmart’s e-commerce bucket.