Internet Retailer reports that Walmart "expects to generate $9 billion in global e-commerce revenue in its current fiscal year," a number that Neil Ashe, the company's president/CEO of global e-commerce, describes as "accelerating and ahead of our plans."
The story notes that "in 2011, Wal-Mart’s U.S. e-commerce sales totaled an Internet Retailer-estimated $4.9 billion, up nearly 20% from $4.1 billion the prior year. In comparison, Amazon.com Inc., No. 1 in the Top 500, had $48.08 billion in sales."
The story notes that "in 2011, Wal-Mart’s U.S. e-commerce sales totaled an Internet Retailer-estimated $4.9 billion, up nearly 20% from $4.1 billion the prior year. In comparison, Amazon.com Inc., No. 1 in the Top 500, had $48.08 billion in sales."
- KC's View:
- This is critical for Walmart, which is looking at a future - perhaps just seven or eight years in the future - in which Amazon.com will be roughly the same size that it is.
