image credit: Walmart

Walmart posts 41% online sales growth but hunts for margins

November 14, 2019

Once again, the largest growth number at Walmart was its e-commerce sales. In prepared commentary, CEO Doug McMillon addressed the company’s booming digital business while also hinting at its shortcomings thus far.

“We’re making progress on many fronts, but we need to do more and move faster, especially with our assortment including marketplace,” he said. “I continue to challenge the team to drive a deeper, more sustainable relationship with the customer, better execute the fundamentals, and improve the overall economics of the business.”

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