The retail giant still has a long road ahead if it wants to catch up.
Walmart said Tuesday that its e-commerce sales in the US jumped 74% in its latest quarter, powered by online grocery sales during the coronavirus crisis.
That figure is huge for the big-box retailer, marking its biggest percentage increase for its online sales over the past three years. Sam’s Club reported a 40% increase in online sales.
These numbers point to Walmart getting a lift as a stronger competitor to Amazon, which for years has run the table as the dominant player online.
There’s still a long way to go for Walmart, which remains the world’s biggest retailer but lags well behind Amazon in online sales. As of March, Amazon gobbled up 39% of US online sales, while Walmart’s take was just 5%, according to eMarketer. That number might seem low — but it still means Walmart is actually now the No. 2 online seller, this year overtaking eBay, which has been declining in relevance for years.