Article Date 18/11/2020

Walmart forecasts promising holiday season as online sales soar

Source Finance Yahoo

By Melissa Fares and Aishwarya Venugopal

(Reuters) - Walmart Inc <WMT.N> said on Tuesday it was optimistic about its holiday sales prospects in a pandemic-ridden year after the big-box retailer beat Wall Street expectations for quarterly results as Americans increasingly shift their spending online.

The surge in demand for essentials seen at the peak of the coronavirus lockdowns has carried into the second half of the year, with consumers relying on its same-day delivery and store pick-up services to buy everything from groceries to sporting goods.

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