Walmart has logged another impressive quarter, with e-commerce sales growing 37% and comparable sales up 6%. The retailer raised its outlook for the fiscal year on the strength of the news. Walmart CEO Doug McMillon said he expects the retailer to benefit from consumers' "pent-up demand" in 2021.
...Walmart's sales growth has slowed compared to last year's startling figures. In Walmart's first quarter last year, e-commerce sales jumped 74% and comp sales were up 10%.