Walmart's online sales up 74 percent as shoppers shelter in place
Walmart’s online sales increased by 74 percent in its first quarter as shoppers stayed home to prevent the spread of the coronavirus, according to the company’s report released Tuesday.
Walmart’s online shopping surpassed expectations, with strong sales for grocery pickup and delivery services, walmart.com and marketplace, as most people across the country were put under stay-at-home orders. The online sales came as customers rushed to stock up on canned foods and toilet paper.
Same-store sales also jumped 10 percent at U.S. stores, primarily with the selling of food and health and wellness products.
The company’s total revenue reached $134.6 billion, an 8.6 percent increase from last year. But the retail giant also reported $900 million in costs related to the coronavirus pandemic. All hourly workers split $755 million in cash bonuses and the company increased pay by $2 per hour for warehouse workers.
Walmart also spent money on emergency leave policy, shields at checkout lines and signage to regulate consumers in stores.
https://thehill.com/policy/finance/498513-walmarts-online-sales-up-74-percent-as-shoppers-shelter-in-place
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