Wal-mart’s e-commerce operation represents its fastest-growing business and helped the company increase total sales last year in what was an otherwise weak year.
For the first time in a decade, Walmart has grown faster in sales than its rival Amazon.
Global sales of Walmart rose by 30 percent to $10 billion, while Amazon’s sales growth was 20 percent, according to The Wall Street Journal.
This spike in growth may have been due to that fact that Walmart has been heavily investing in its online presence.
Just in 2013, the company invested $500 million into its e-commerce, which included hiring 1,00 employees in Silicon Valley, and opening three new online fulfillment centers in Texas, Pennsylvania and Brazil.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More