Wal-Mart Is Proving People Want to Buy Their Groceries Online
Wal-Mart (NYSE: WMT) reported another quarter of strong year-over-year online sales growth. Net sales increased 60% in the second quarter, following a 63% increase in the first quarter. And while Wal-Mart has been on a tear buying up smaller e-commerce companies, management says the majority of its growth is coming from Walmart.com.
One of the big factors pushing Walmart.com sales higher is its rapidly growing third-party marketplace. But perhaps more important is Wal-Mart's success with online grocery and pickup. As the largest grocer in the United States, Wal-Mart is paving the way for online grocery ordering, which is extremely important as Amazon (NASDAQ: AMZN) prepares to enter the market via its acquisition of Whole Foods Market (NASDAQ: WFM).
Image source: Wal-Mart.
Source: Fool.com
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