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Walmart Benefits from Online Purchases

04/15/2020

Walmart announced that on-line sales attained $900 million in March. This was 21 percent higher than in February 2020 and double the value achieved in March 2019.  Sales included “click-and-collect” and home delivery of groceries purchased online.

 

Average tab for orders was $127 in early March dropping to $98 later in the month.

Although on-line sales soared it is evident that in-store sales decreased.  It will be interesting to review the next quarterly report for Walmart to determine the effect of COVID-19 on sales both in the U.S. and in their international stores.