During the Last Financial Crisis, Even Ecommerce Sales Plunged. Not This Time.

by Wolf Richter
Wolf Street

Ecommerce Spiked to Record. Mall Stores Got Hung Out to Dry. Walmart’s Online Sales, Still Woefully Behind, Shot Up 74%

Walmart US ecommerce sales set the tone. Being the largest grocery seller in the US, it didn’t have to close its stores. Nevertheless, its ecommerce sales soared 74% in the first quarter, compared to Q1 a year ago, Walmart reported today. This would be an increase of $3.2 billion from a year ago to $7.5 billion. But Walmart US had fallen woefully behind during the early years of ecommerce; while it is now rapidly catching up, its ecommerce sales in Q1 were still only 8.5% of its Walmart US sales.

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