Walmart just hit a major milestone in its quest to become one of the country’s largest online sellers.
The company just leapfrogged Apple to become the third-biggest online retailer in America in 2018, according to eMarketer’s latest forecast.
According to eMarketer, by the end of this year Walmart will have 4% of all online retail sales in the United States, up from 3.3% last year. In terms of dollar value, those sales would total $20.91 billion. Ahead of Walmart is eBay, with 7.6% of US online sales.
Walmart’s sales numbers include the websites for Walmart and Sam’s Club as well as Jet.com. The company has posted strong online growth numbers over course of the year.
Walmart has been aggressively expanding its online offerings to take a bigger bite of the market.
“Walmart’s e-commerce business has been firing on all cylinders lately,” eMarketer principal analyst Andrew Lipsman said in a statement. “The retail giant continues to make smart acquisitions to extend its e-commerce portfolio and attract younger and more affluent shoppers. But more than anything, Walmart has caught its stride with a fast-growing online grocery business, which is helped in large part by the massive consumer adoption of click-and-collect.”
Read more: Amazon is starting Black Friday a week early
It’s not all good new for Walmart, however, as the giant Amazon still looms large over the online shopping sphere. Emarketer estimates the company will rake in $252.10 billion domestically, up just over 29% from 2017. That’s good for a 48.0% share of US e-commerce — up from 43.1% in 2017.
US ecommerce will grow 16% to reach $525.69 billion overall, Emarketer estimates, or 9.8% of total US retail sales this year.
Bidding in the US’s first auction of high-band 5G spectrum has started, allowing mobile operators in the country to get their hands on airwaves to support mobile broadband services. Verizon launched the world’s first commercial 5G network last month, offering Fixed Wireless Access (FWA) broadband on mmWave spectrum to a number of major cities. Rivals...
The Asus ROG Phone was announced months ago, but it’s only now getting a UK release date, with the phone set to ship on December 14 – just in time for Christmas. If you want to buy it you’ll be able to pre-order from November 16 on the Asus webstore. The standard price is £799,...