Walmart e-commerce sales top $150B for first time

U.S. e-commerce as a share of Walmart’s total sales reached a record 23% in the fourth quarter after growing 27% year over year and drove the majority of its sales growth, underscoring the retail titan’s ability to compete with Amazon in the online and delivery space. For the full year, e-commerce sales exceeded $150 billion for the first time, up 5.5% from two years ago, Walmart (NASDAQ: WMT) said in its fourth-quarter earnings report on Thursday. The e-commerce operation has well exceeded the breakeven ...