Walmart forecasts $9 billion in online sales by 2014
Walmart Stores is in growth mode, saying it expects higher sales in the next year as a result of adding smaller stores and increasing focus on e-commerce.
For the first time since it began online sales in 2000, Walmart broke out its e-commerce goal:
- Speaking at the annual analyst meeting, executives said the company targets world-wide online sales of $9 billion by fiscal 2014.
Last year, Walmart U.S. had total sales of about $260 billion, including e-commerce, accounting for roughly three-fifths of the company's business.
The company operates approximately 10,130 retail units under 69 banners in 27 countries, and has 2.2 million employees.