This was the first holiday season for Walmart’s redesigned website, plus its expanded home delivery and curbside pickup options. E-commerce sales in the U.S. rose 43 percent, in line with the gains most analysts had been expecting, helped by a broader assortment of brands and increased online grocery sales.
But some of the gains in the quarter were more related to timing: The early release of government food-stamp payments that were supposed to have become available to American shoppers in February boosted U.S. same-store sales by 0.4 percentage points
in the quarter, the company said.
The company reiterated the full-year sales and profit guidance it gave in October, including same-store sales growth at U.S. Walmart stores of between 2.5 and 3 percent -- a slight slowdown from the fiscal year that just ended. Retailers are bracing for a pullback in consumer demand this year, especially if the U.S. follows through on its threat to more than double tariffs on many Chinese goods, forcing retailers to raise some prices in
In the Treacy household we refer to the Mrs. Treacy’s sales of jewellery and jewellery packaging on Amazon, Walmart, eBay, Etsy and lilytreacy.com as our family indicator. If retails were truly in trouble then the real-time demand for consumer discretionary items we receive from these venues would turn down long before it became apparent in quarterly earnings reports.Click HERE to subscribe to Fuller Treacy Money Back to top