Wal-Mart Predicts A HUGE Jump In Online Sales In Fiscal 2019

The Daily Caller | 6/6/2013 | Staff
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(Reuters) – Wal-Mart Stores Inc on Tuesday unveiled a $20 billion share buyback plan and forecast U.S. online sales to increase by about 40 percent in the fiscal year ending January 2019.

Wal-Mart’s shares were up 1.6 percent at $81.80 in premarket trading after the company also forecast overall net sales to increase by at least 3 percent in the same period.

Company - Battle - Market - Share - Ecommerce

The company, locked in a battle for market share with ecommerce giant Amazon.com Inc , has been doubling down on its online business and is leveraging its 4,700 plus stores to create a more hassle-free experience for its online shoppers.

Wal-Mart reported a 60 percent jump in online sales in the United States in its latest quarter ended July.

Wal-Mart - Heat - Online

“It is clear that Wal-Mart intends to continue to turn up the heat online,...
(Excerpt) Read more at: The Daily Caller
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