Walmart on Track to Surpass Apple in Online Retail Reach: Chart
(Bloomberg) -- Walmart Inc. is on track to overtake Apple Inc. as America’s third-largest online retailer, surpassed only by Amazon.com Inc. and EBay Inc., according to a forecast from researcher EMarketer. “Walmart’s e-commerce business has been firing on all cylinders lately,” EMarketer principal analyst Andrew Lipsman said in a report. The big-box retailer, which has been rolling out curbside grocery pickup and delivery in the U.S., reported web sales growth of 43 percent in the third quarter, ahead of its full-year forecast.
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