Commerce

Walmart CEO: E-Commerce Sales to Hit $10 Billion This Year

Published on June 7, 2013
by Jason Del Rey

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.

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URL: http://allthingsd.com/20130607/walmart-ceo-e-commerce-sales-to-hit-10-billion-this-year/