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Think Walmart Can’t Beat Amazon? Think Again: E-Commerce Extends Streak of Big Sales Gains

November 15, 2018

Via: Fortune

Walmart‘s strategy of blending stores and e-commerce to push back at Amazon.com is working.

The world’s largest retailer (WMT, -0.34%) reported on Thursday that comparable sales at its namesake U.S. stores rose 3.4% in the third quarter, above Wall Street expectations for 2.9% according to Consensus Metrix, setting it up for a strong holiday season. That performance was boosted by a 43% jump in e-commerce sales, the result of its efforts such as dramatically increasing locations where customers can retrieve online grocery orders, the addition of brands like Lord & Taylor and ModCloth to its web site and a vast expansion of its online marketplace. All Walmart stores ship online orders and allow customers to retrieve online orders.

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