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Walmart Says Its Online Sales Will Explode Next Year Amid War With Amazon

October 10, 2017

Via: Fortune

Walmart (WMT, +3.81%) expects little abatement in the pace of its torrid e-commerce growth next year, and the retailer’s latest forecast sent shares up 2% on Tuesday.

The world’s largest retailer, for years slow to respond to Amazon.com (AMZN, +0.45%) in the digital wars, has been on a tear in recent quarters, helped by the $3 billion acquisition of jet.com and overhaul of its marketplace last year, and by better integration of its stores with its digital business. The result was a 60% growth in U.S. e-commerce sales at its namesake chain last quarter.

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