Walmart poised to overtake Apple as No. 3 online retailer [CBS News]
Walmart Inc. (WMT)
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Source: CBS News
Walmart poised to overtake Apple in online sales Heading into the busiest shopping season of the year, Walmart is set to overtake Apple in online sales, according to eMarketer. The world's largest retailer, which received 3.3 percent of online spending in the U.S. last year, is projected to see that share hit 4 percent by year-end, the research firm said in a report. That would put Walmart, which includes Jet.com and Sam's Club, behind only Amazon and eBay. Apple is forecast to take in 3.9 percent of spending, up from 3.8 percent last year. No retailer comes close to Amazon in ecommerce. EMarketer pegs the company's share of online spending at roughly 48 percent. But Walmart's latest earnings show that's it making headway in areas where Amazon has been weaker, such as letting customers buy groceries online. "Walmart's ecommerce business has been firing on all cylinders lately," eMarketer principal analyst Andrew Lipsman said in a blog post. "But more than anything, Walmart has caugh
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WMT
Earnings
- 2/20/24 - Beat
WMT
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/2/24 - Form 4
- WMT's page on the SEC website