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Walmart becomes a lifeline, online sales surge 74% | AP News
Source: By MikeMozartJeepersMedia - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=32354206

Walmart becomes a lifeline, online sales surge 74% | AP News

Walmart has seen a huge increase in sales and profits during the first fiscal quarter due to the coronavirus. Online sales rose by 74% in the U.S. and in-store sales increased by 10%, mainly in the food, health, and wellness departments. Since many stores were considered nonessential and shut down, consumers have been turning to Walmart, which often carries some of these items. “ Having a wide range of fulfillment options, including delivery to home, collection from store — and by using stores for fulfillment— allowed Walmart to ramp up capacity in a way that many other players struggled to do,” commented Neil Saunders, managing director at GlobalData Retail.

Source: https://apnews.com/c732e1ea1a2d4de2a1ee5bba7ca29129