Article Date 15/08/2019

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Walmart delivers, a lot, in second quarter

Source Canadian Manufacturing

Walmart continues to hold enough sway to keep prices low even as its costs are rising and it's pushing its online operations aggressively to counter Amazon.com

Walmart raised its annual outlook after a strong second quarter for the world’s largest retailer thanks in part to strong online grocery deliveries.

Sales at stores opened at least a year rose 2.8%, its 20th consecutive quarter in the right direction.

U.S. online sales increased 37%, driven by grocery sales.

Walmart continues to hold enough sway to keep prices low even as its costs are rising and it’s pushing its online operations aggressively to counter Amazon.com.

The company launched limited free next day delivery in May with an order of at least $35 and plans to expand that service nationwide this year.

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