Walmart’s Online Business on Track to Be Profitable This Year
Walmart has also introduced new services for digital orders that are fulfilled at its stores.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Walmart Inc.’s US online business is on track to reach profitability this year, Chief Financial Officer John David Rainey said Wednesday.
The achievement would be an important milestone for the company, which has invested billions to expand the reach of its e-commerce business, compete with Amazon.com Inc. and cut costs.