E-Commerce Sales Jump 26% at Walmart Following Jet.com Purchase
Walmart’s Q3 FY 2017 revenue was up 0.7 percent to $118.2 billion, said the company in a Thursday earnings release. Traffic in U.S. stores grew by 0.7 percent over the year-ago quarter, leading to a 1.2 percent rise in comparable…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
store sales for the quarter ended Oct. 28. U.S. net sales grew 2.5 percent vs. the year-ago quarter to $74.5 billion, it said. Walmart's global e-commerce revenues, following the completion of its Jet.com purchase in September, jumped 20.6 percent over Q3 last year, said the company. The retailer expects a comp store sales increase of 1.0-1.5 percent for the quarter ended Jan. 27. Shares closed down Thursday 2.2 percent to $69.18.