Walmart might be king among bricks-and-mortar stores, but online retailers best watch out, too. According to new research, the world’s largest retailer outstripped even Amazon with annual sales growth of 30% compared to Amazon’s 20%. By total sales volume, though, Amazon still reigns supreme. Over the last fiscal year, Amazon generated nearly $68 billion in sales, compared to Walmart’s $10 billion. Walmart hopes to maintain sales growth of 30% this year with total online revenue of $13 billion.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
