Walmart associates
Walmart’s e-commerce sales rose 97% in the US, as the global retailer announced in its Q2 FY21 earnings. The retailer’s comparable sales in the US in Q2 grew 9.3%, while total revenue stood at $137.7 billion, an increase of $7.4 billion.
Walmart’s net sales and operating results were significantly affected by a continuation of the COVID-19 crisis, as the retailer incurred $1.5 billion in incremental costs related to the pandemic. Increased demand for products across multiple categories led to strong top-line and gross margin results.
As Walmart’s e-commerce sales rose 97% in the US, president and CEO, Doug McMillon said, “I want to give a big thank you to our associates for their tireless efforts during these unprecedented times. We also appreciate the trust and confidence of our customers. We remain focused on serving them well now and expanding our set of global capabilities to serve them well in the future.”
Meanwhile, Walmart International’s net sales stood at $27.2 billion, a decrease of 6.8%, negatively impacted by approximately $2.4 billion due to changes in currency rates. Walmart International’s net sales indicate the effects of the government-mandated closure of the company’s Flipkart business in India for a portion of the said quarter, coupled with similar actions in markets in Africa and Central America.
For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha B / 
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
The regional grocery retail market is becoming more and more diverse, offering
Spinneys, the leading premium fresh food retailer, has announced the opening of
Spinneys has announced the launch of The Kitchen by Spinneys, its first-ever
/ Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In what comes as a significant announcement, Middle East based eyewear majors
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
The regional grocery retail market is becoming more and more diverse, offering
Previous Article
