Amazon is not killing Walmart’s business, in fact, it is not even close.
According to Walmart’s latest earnings report, the largest bricks and mortar retailer has made its place in the online world despite Amazon's presence. The charts showed that Walmart’s online sales were up by 43%, in the fourth quarter, and they have successfully achieved approximately 40% of sales grown in 2018. Matching their own expectations, the company was thrilled moving into 2019. In this year alone their online sales are up by 35% and come with a solid growth ratio. If they keep building in the same manner, they will be able to contain their quarterly growth ranging from 30% to 40% says Chief Financial Officer Brett Biggs.
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