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Walmart's online sales growth slows

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

Published Fri, Feb 19, 2016 · 09:50 PM

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 first quarter, to 16 per cent in the second and 10 per cent in the third. The numbers exclude the impact of currency swings.

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Walmart's online sales growth slows

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