Walmart CEO: E-Commerce Sales to Hit $10 Billion This Year
Walmart global e-commerce sales are expected to hit $10 billion this fiscal year, CEO Mike Duke announced at the company’s shareholder meeting today. That number has been boosted a bit recently by acquisitions, including the company’s purchase of Chinese online retailer Yihaodian. Still, e-commerce sales are just a sliver of overall sales at the big-box giant, which totaled $469 billion in revenue in fiscal year 2012.