Walmart Sales, Earnings Off, Ecommerce Growing at Slower Rate
Walmart reported dips in Q1 sales and earnings, due to a strong dollar, technology and ecommerce investments and bad weather; ecommerce growth was slower.
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Grainger’s Ecommerce Sales Pass $3 Billion in 2013
Grainger’s online presence faired very well in 2013, earning the B2B merchant $3 billion in ecommerce sales alone, according to its annual financial report. Overall, Grainger saw a 5% increase in total sales, equating to $9.4 billion, however, the merchant said its ecommerce presence represent “the fastest growing and most profitable channel in the business.”
Toys R Us Reports Grim Third Quarter Results
Toys R Us’ sales continue to decline and the net loss is continuing to grow in the third quarter, according to its earnings release. Comparable store net sales were down 5.2% in the domestic segment primarily resulting from decreases in the learning, juvenile (including baby) and core toy categories.