Walmart e-commerce sales stall
The Wall Street Journal reported that Walmart suffered a slowdown in e-commerce sales in the fourth quarter. The company’s shares fell more than 10% in response to the news - the stock’s biggest one-day drop in more than two years - wiping more than $31 billion from the market capitalization of the world’s largest retailer. We find this reaction bizarre, as Walmart’s overall sales notched their 14th consecutive quarter of growth! Retail success is measured in top and bottom line growth, irrespective of how orders are taken and how they are fulfilled. Over the counter sales are still the most profitable.