Retail

‘We need even more progress on Walmart.com’

0


Doug McMillon, CEO of Walmart.

Adam Jeffery | CNBC

Walmart is admitting it still has work to do online.

The big-box retailer said Thursday its e-commerce sales were up 41% during the latest quarter, thanks to a strong grocery business.

“We’re making progress on many fronts, but we need to do more and move faster, especially with our assortment including marketplace,” CEO Doug McMillon said in a statement. “Our strength is being driven by food, which is good, but we need even more progress on Walmart.com with general merchandise. We’re mixing the business out better to achieve better margin rates, but there is more work to do. We’re committed to progress and building a larger, healthier…



Source cnbc.com

Jim Cramer’s ‘Mad Money’ recap & stock picks Nov. 14, 2019

Previous article

Growth in global oil demand more than doubled in the third quarter

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail