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Walmart's online sales growth slows

Retailer says the slowdown is due to weakness in China, UK and Brazil

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KEEPING PACE: Keith Anderson, vice-president at e-commerce analytics firm Profitero, said that Walmart is struggling to broaden its customer base beyond its core bricks-and-mortar shoppers.

London

WAL-MART Stores Inc appears to have hit a speed bump in the race to grow online sales.

The retailer's e-commerce sales rose 8 per cent in the fiscal fourth quarter ended Jan 31, for a fourth straight period of decelerating growth. Growth has gone from 17 per cent in the...

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