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Walmart e-commerce sales to grow by 21% in 2021 to $65 billion, nearly a sixth of Amazon’s $367 billion

A massive boom in click-and-collect trends is expected to accelerate Walmart’s pandemic-driven momentum through 2021. According to the research data analyzed and published by ComprarAcciones.com, Walmart’s online sales will grow by 21.2% to $64.62 billion in 2021. Its share of US online...

The top 3 global online marketplaces which accounted for nearly 2/3s of $2.67 tn 2020 GMV

Online marketplaces around the world enjoyed stratospheric growth in 2020. According to the research data analyzed and published by ComprarAcciones.com, the top 100 online marketplaces globally posted sales worth $2.67 trillion in 2020. Compared to 2019, that marked a 29%...

Walmart ties up with TikTok to host new livestream shopping feature

fter running a successful pilot, retail giant Walmart is now set to host another livestream shopping event on TikTok on Thursday. The new Spring Shop-Along will run this Thursday, March 11 at 9 p.m. EST on the Walmart TikTok channel. Like the prior holiday event, the new...

Flipkart to focus on grocery & fashion biz, scaling loyalty program

Walmart-owned Flipkart on Thursday said it is working on scaling its loyalty programme, grocery and fashion business while continuing to invest in technology and infrastructure this year as it looks to strengthen its position in the burgeoning Indian e-commerce market. The company, which...

Digital savvy companies stay relevant to customers in post-pandemic era: GlobalData

Prior to the COVID-19 pandemic, a paradigm shift towards digitization was already underway across the sectors. However, the pandemic has further accelerated the transformation, which is evident by the marked growth in spending towards digitization by businesses. Against this...

4 ways retailers can strengthen supply chain infrastructure for the festive season

This has been a tough year for retail business of all kinds. While the e-commerce giants did continue with deliveries of essentials and were able to recoup almost as soon as the COVID 19 restrictions were lifted, offline retailers...

Walmart to begin deliveries with driverless trucks in 2021

aking its autonomous vehicle pilot with a startup called Gatik to the next level, retail giant Walmart is now planning to start deliveries with driverless truck in the US state Arkansas starting next year. "This achievement marks a new milestone...

Walmart commits to export $10 bn India-made goods each year by 2027

Walmart on Thursday announced that it will triple its exports of goods from India to $10 billion each year by 2027. In a statement, Walmart said that its new export commitment is expected to provide a significant boost to micro,...

Walmart prepares for $10bn Flipkart IPO early next year

The retailing giant Walmart has reportedly picked up the leading global investment bank and financial services company Goldman Sachs to raise nearly $10 billion via an initial share sale of its Flipkart unit. According to informed sources, Walmart is planning...

In final stages of consolidating Walmart India operations, says Flipkart Wholesale

Flipkart Wholesale on Thursday said it is in final stages of consolidating Walmart India within its operations, and has extended offers to all employees of Walmart India's Home Office to join the digital business-to-business (B2B) marketplace. According to a PTI...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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