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Walmart Overtakes Apple to Become Third Largest Online Retailer in U.S.

“Apple has ceded its position to Walmart as the third largest online retailer in the U.S., according to a new report out this week (via TechCrunch ).Research provider eMarketer Retail calculates that Walmart is set to capture 4 percent of all online retail spending in 2018, up from 3.3 percent the previous year, while Apple will claim a 3.9 percent share, up from 3.8 percent in 2017.Walmart, which includes Sam’s Club and Jet.com, will see its sales total $20.91 billion by the end of the year, thanks to a 39.4…

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Walmart set to become a bigger online retailer than Apple

“In 2018, the online giant stands to rake in more than $252.10 billion. eBay, meanwhile, is down slightly from 7.6 percent to 7.2 percent” writes Luke Dormehl for cultofmac.com. AdvertisementAccording to the firm, Amazon will remain in dominant position as the number one retailer, accounting for a massive 48 percent of online retail spending.Walmart will overtake Apple to become the third largest e-commerce retailer in the United States over the holiday season, analysts at eMarketer predict.What do you think of Apple’s online retail service?.  Source: cultofmac.com Share This:

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As major retailers spend to chase e-commerce, investors grow impatient

“For many U.S. retailers, sales growth is back” writes Bloomberg News for seattletimes.com. It showed in the retailers’ bottom line last quarter, sending shares slumping despite strong sales. “It’s short-term pain for long-term gain for these retailers.It showed in the retailers’ bottom line last quarter, sending shares slumping despite strong sales.The retailer’s 3.4 percent gain in comparable sales — a key performance metric — did beat Wall Street’s estimates. Source: seattletimes.com Share This:

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There would be no Amazon had Walmart gone this all-out online years ago: Ex-Target vice chair

“If Walmart had made the kind of investments they’re making today, there would have been no Amazon,” Storch said on “Squawk Alley.”” writes Tyler Clifford for cnbc.com. Shares of Amazon, which fell into a bear market earlier this week, has a market value of about $760 billion. Source: cnbc.com Share This:

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Here are the top 5 e-commerce retailers of the 2018 holiday season

“Research firm eMarketer thinks they know, having released their latest retail forecast for the 2018 holiday season “ reports fastcompany.com. Who will be the biggest beneficiaries of all the money that shoppers will spend online during this holiday season?. And while Apple is expected to increase its share by a small 0.1%, Walmart is expected to gain an extra 0.7% share of online holiday sales this year, meaning it will leapfrog Apple this year. Source: fastcompany.com Share This:

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Walmart reports strong earnings, e-commerce ahead of holidays; J.C. Penney continues to struggle

“Before taking over J.C. Penney last month, Soltau served as chief executive for fabric and crafts retailer Joann” writes Reporter Covering National for washingtonpost.com. Walmart had cut its forecast for fiscal 2019 because of the massive price tag on Indian online retailer Flipkart, the biggest acquisition in Walmart’s history.Despite a shortfall in revenue because of currency complications, Walmart upped its year-end forecast Thursday for earnings and sales. Source: washingtonpost.com Share This:

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Walmart’s Indian venture Flipkart loses CEO after misconduct probe

“Bansal has strongly denied the allegations, the company said in a statement” reports venturebeat.com. Bansal and his representatives could not be reached for comment. “While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation,” the company said. “Because of this, we have accepted his decision to resign.” Kalyan Krishnamurthy, who heads the company’s main Flipkart e-commerce operation, would now act as chief executive for a broader…

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Walmart earnings: Expectations for e-commerce growth are sky-high

“Walmart beat FactSet earnings expectations for 11 of the last 12 quarters” writes Tonya Garcia for marketwatch.com. Walmart U.S. e-commerce growth was 40% in the second quarter, and UBS analysts think the market will be looking for 40%-plus in the third quarter.Cowen rates Walmart WMT, -1.13% shares as outperform with a $115 price target, equal to 11% above its current trading level. Walmart overlap in the third quarter was 82.7%, according to analysts, down from 84.9% in the fourth quarter of 2017.Cowen analysts, writing after last month’s investment community meeting,…

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A Christmas miracle: Amazon will not ruin every retail stock’s holiday sales season

“This could be the best back-to-back holiday season in more than five years, but a top Wall Street retail analyst says that many of the retail sector’s troubles will persist even during the Christmas season” writes unknown author for cnbc.com. Boss said that rising wages and transportation prices aren’t helping the bricks-and-mortar retailers competing with Amazon either. Source: cnbc.com Share This:

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