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Walmart’s (WMT)
e-commerce business forms a small part of its total revenue. However,
it’s the key catalyst that’s expected to drive the company’s sales
higher in coming quarters. Walmart’s digital sales grew 50% during the
last reported quarter. Its sales rose 63% and 50% in fiscal 1Q18 and
2Q18, respectively.
Walmart’s management expects its e-commerce sales to grow at a brisk
pace in coming years due to its customer-friendly initiatives and
innovative offerings. Walmart expects its digital sales to come in at
$11.5 billion in fiscal 2018. Its digital sales are estimated to rise
40% in fiscal 2019.
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