Walmart Just Proved It’s Immune To The Retail Apocalypse

In Daily Commute by MR Magazine StaffLeave a Comment

Walmart is crushing expectations while dozens of other retailers are closing stores and filing for bankruptcy at rates not seen since the recession. Walmart on Thursday reported that e-commerce sales soared by 63 percent in its most recent quarter, compared with 29% growth the prior quarter. The company said most of these sales were organic through Walmart.com. Walmart’s $3 billion acquisition of the online retailer Jet.com also helped the company boost e-commerce sales. But Walmart’s growth isn’t all online. Read more at Business Insider.

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