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Walmart e-commerce growth rebounds

May 17, 2018

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After last quarter’s lackluster e-commerce growth, analysts began to wonder if Walmart e-commerce chief Marc Lore was losing his touch, or even if he might leave the company (a notion he has publicly shot down multiple times). In the first three quarters of the last fiscal year, digital sales rose 63%, 60% and 50%, sequentially. But fourth-quarter results stalled comparatively, increasing just 23% and spurring a 10% drop in the company’s stock price in just one day. It has fallen 14% so far this year.

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