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Walmart Ecommerce Strong in Q2 Posting results for its second quarter of fiscal 2018 that were mostly in line with analysts’ expectations, Wal-Mart Stores Inc. still managed to more than hold its own in the highly competitive ecommerce arena, proving that its considerable recent technology investments are working to its advantage. For Q2, Walmart reported total revenue of $123.4 billion, an increase of $2.5 billion, or 2.1 percent. Excluding currency, total revenue came to $124.4 billion, an increase of $3.5 billion, or 2.9 percent. Walmart U.S. comparable-store sales edged up 1.8 percent, with traffic growth of 1.3 percent, marking the division’s twelfth straight quarter of positive comps. Ecommerce at Walmart U.S. continued its strong growth, driven by organic growth through Walmart.com. Net sales and gross merchandise value rose 60 percent and 67 percent, respectively, as shoppers embraced new initiatives such as free two-day shipping, automated pickup tow ....
Font Size: Walmart announced it will raise wages for 425,000 store associates serving in “frontline” roles after the company reported record fourth-quarter revenue. Walmart will increase starting wages to between $13 and $19 per hour depending on store location and market, according to a letter Walmart President and CEO John Furner sent to employees nationwide Thursday morning. The pay raises will begin on March 13 and apply to the company’s 425,000 store associates. “Today, I’m happy to share an investment in the people who are central to making that happen,” Furner wrote in the letter. “Whatever your role, know that we’ll continue to support and invest in you,” he continued. ....
Walmart Tumbles On Poor Guidance, Greater Spending Plans Despite New $20BN Buyback zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
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