Wal-Mart Grows Global E-Commerce Sales By 40% In Third Quarter

Wal-Mart reported global e-commerce sales for the third quarter of 2013 (to October 31) were up 40%. CEO Mike Duke said that e-commerce sales were extremely robust, especially in China, where Wal-Mart owns 51% of Yihaodian, one of the country’s largest online mass merchants. Duke also highlighted e-commerce growth in Canada, where its e-commerce sales were up 96% on the third quarter of 2012, and Brazil, up over 50%. Duke told analysts it the company is investing heavily in the channel, with new fulfillment facilities in Texas, Brazil and China. The number of SKUs on Walmart.com is now around 5 million.