Wal-Mart's first-quarter online revenue grew more than 30%

Wal-Mart's first-quarter online revenue grew more than 30% per cent, a sign that Wal-Mart's online revenues are expected to break 10 billion this year.

According to Wal-Mart, its online sales grew more than 30% Year-on-year in the first quarter of this year, and the company plans to expand E-commerce operations in its major global markets. Wal-Mart's first-quarter financial data spans from January 26 to April 26.

"E-commerce is becoming more and more important to our company," Wal-Mart CFO Charles Holly (Charles Holley) said at an analyst meeting, "E-commerce sales have increased by more than 30% this quarter and we will continue to make strategic investments in the electricity market, which provides us with the greatest growth opportunity." Wal-Mart focuses on key areas of investment, including a global technology platform, a new generation of order delivery networks and expansion of other global markets. ”

In the first quarter, Wal-Mart did not show that E-commerce accounted for 114.2 billion dollars in total global sales, but its online presence accelerated and was faster than expected.

Neil Ashe, head of global E-commerce at Wal-Mart, expects Wal-Mart's online total sales of 9 billion Nier Ash this year. According to internet retailer's latest 2013-year top 500 guide, Wal-Mart global online sales ranked fourth, 2012 for 7.7 billion U.S. dollars, 30% of the growth showed that Wal-Mart online sales this year is expected to exceed 10 billion U.S. dollars.

Wal-Mart's E-commerce strategy is mainly in 4 countries: The United States, Britain, Brazil and China. Charles Holly (Charles Holley) says the market share of E-commerce in Brazil, China and the UK is growing, except in the US.

Here are the details of Wal-Mart's Big four markets:

In the United States, 35 of Wal-Mart's 4,000 stores offer online order offline delivery, which is expected to increase to 50 by the end of the year. Wal-Mart E-commerce site traffic has been over 45 months of visitors. "Growth rates and conversion rates are accelerating." Charles Holly Charles Holley said. Not long ago, Wal-Mart bought two online technology start-ups and plans to hire 150 more employees to operate the Wal-Mart's Silicon Valley website, which employs 1500 people. In the UK, the Dartmouth supermarket chain is the second-largest online grocer owned by Wal-Mart. In the first quarter, the company completed its store-launched Wi-Fi service to facilitate customers and employees of mobile devices linked to wireless networks. Asda also expanded its click and delivery services, allowing customers to order online, and from the line of 100 stores door-to-door delivery, Asda in Nottingham to open a third E-commerce logistics center. In Brazil, online sales rose 40% in the first quarter, with Wal-Mart Brazil being the most visited E-commerce site. In China, Wal-Mart last year bought the online retailer a shop, Beijing, Shanghai and Guangzhou to provide the day delivery service. The number one store in the Internet retailer Asia's top 500 ranked 42nd place.

Doug McMillon, Wal-Mart's international president and CEO, McMillon that Wal-Mart plans to expand its electricity business in markets such as Japan, Mexico and Canada

While there is no estimate of the dollar, Charles Holly Charles Holley said Wal-Mart's E-commerce investment would cut its earnings per share by 2 cents in the second quarter, resulting in a 9 cents loss per share this year. Wal-Mart has 3.31 billion dollars in shares, which would suggest Wal-Mart invest 660 billion dollars in the second quarter and invest 300 million dollars a year.

In the first quarter, Wal-Mart's total global sales rose 1.8, to $114.2 billion, and its operating profit rose 1.1 to $6.5 billion. Wal-Mart is the world's largest retailer.