Walmart is trying to turn e-commerce into a profitable business and drive up sales of general merchandise, such as apparel.
The big-box retailer expects e-commerce growth to slow to about 30% in fiscal 2021.
Cashiers ring up shoppers at a Walmart Inc. store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019.Walmart will combine its team of buyers for Walmart.com and its team of buyers for the company's stores as the big-box retailer aims to turn e-commerce into a profitable business, according toWalmart previously relied on the two separate teams to choose products and prices for its website and stores. The two sides of the business have separate chief executives.
Walmart has seen a surge of e-commerce growth, fueled by its online grocery business. It reported online sales growth of 35% during the period and 37% for the year.
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