Consumer
Walmart Expects Profits in Its US E-Commerce Business Within Two Years
Employees unload online pickup orders at a Walmart store in Grand Prairie, Texas.
Photographer: Shelby Tauber/BloombergThis article is for subscribers only.
Walmart Inc. said it expects to generate profits in its US e-commerce business within the next two years.
The Bentonville, Arkansas-based retailer is working toward e-commerce profitability in a year or two, including its advertising and consumer data business, Chief Financial Officer John David Rainey said during a question-and-answer session with analysts on Friday as part of its annual shareholder week.