Walmart Has Struck a Chord With Online Grocery Sales in China
Don't look now, but Walmart (NYSE: WMT) is crushing the online grocery market in China. Walmart's net sales in the People's Republic of China for the third quarter of 2017 increased 4%, and comparable sales increased 2.5%.
Foreign expansion is critical to Walmart's growth, almost as important as its ability to adapt to a world increasingly driven by e-commerce. As the United States' biggest retailer, the company's ability to grow is always a concern for investors. Its overall results have left much to be desired in recent years:
Source: Fool.com
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