Walmart’s e-commerce sales rose 43 percent during the fourth quarter.

Amazon’s worst nightmare

Walmart is set to assert “worldwide dominance” and become one of “Amazon’s worst nightmares,” according to one analyst. On Tuesday, the U.S. retail giant beat consensus expectations for its fourth quarter on same-store sales, revenue and earnings per share.

Walmart’s e-commerce sales rose 43 percent during the period and for 2019 it’s calling for internet sales to be up another 35 percent. In comments made prior to Walmart’s stellar beat, Burt Flickinger, managing director of Strategic Resource Group, said Walmart was set to, “expand their worldwide dominance in online retail and start in these next two years to become one of Amazon’s worst nightmares.”

https://www.cnbc.com/

 

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