E-commerce
Walmart online sales on a boom path, reveals research data
April 21, 2021
This will be a boom year for Walmart's online sales with a projected 21% growth rate this year, hitting $65 billion, and it's all thanks to the increasing click-and-collect consumer behavior.
Walmart's share of U.S. online sales will increase from 6.7% last year to 7.1% this year, according to data from ComprarAcciones.com.
While the retailer's online growth represents just one sixth of Amazon's, Walmart is besting a few other retailers when it comes to online growth as it will double eBay and be higher than the combined online sales of Target, Home Depot and Best Buy, according to a press release on the data findings.
A big driver spurring Walmart's growth is its brick-and-mortar footprint which drives online sales via click-and-collect and huge consumer adoption of click-and collect, according to the release.
