The retailer’s US ecommerce sales grew 97% year-over-year (YoY) in its fiscal Q2 2021 (ended July 31, 2020), soaring past the 37% annual growth it reported in its fiscal Q2 2020 (ended July 31, 2019).
This performance builds on Walmart’s 74% YoY ecommerce sales growth last quarter as the coronavirus pandemic pushes consumers to shop online and use Walmart’s pickup services to limit their risk of contracting the virus.
Walmart’s US ecommerce sales hit 97% annual growth in Q2. Business Insider IntelligenceThe retailer’s surging digital performance may put it in a better position to compete in the ecommerce industry in the years to come post-pandemic.
Walmart’s third-party marketplace is growing quickly, which should help it battle Amazon. Its marketplace sales were up by triple digits, meaning they outpaced its overall US ecommerce business. Attracting more sales and customers during the pandemic could lead to return visits after the crisis, especially with Walmart adding more merchants through a partnership with Shopify. This would give Walmart a better answer to Amazon’s third-party marketplace, which drives more sales for Amazon than its first-party business, potentially helping Walmart win consumers from Amazon.