The growth of Wal-Mart’s online grocery business
Over the past year, the number of Wal-Mart stores fulfilling online grocery orders has more than doubled. The service was available in 400 stores as of the end of the second quarter last year, and it’s now available in over 900 stores. The growth accelerated in the second quarter when Wal-Mart added over 230 locations for online grocery ordering pick-up.
The rapid expansion has resulted in Wal-Mart winning back share of the grocery market. In the first quarter, Wal-Mart’s same-store grocery sales growth of 2.6% outpaced the overall grocery industry. Last quarter, sales growth was even better — the best in five years, management said.
Wal-Mart recently started testin...