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May 20, 2020

Walmart becomes a pandemic lifeline, online sales surge 74%

  • Shoppers haven't limited their purchases to just essential items, using their federal stimulus checks to buy clothing, TVs and video games.
  • By ANNE D'INNOCENZIO
    AP Retail Writer

    NEW YORK — Walmart emerged as one of the few lifelines to millions of people as the coronavirus spread, leading to surging profit and sales for the world's largest retailer.

    Online sales in the U.S. jumped 74% for its fiscal first quarter that ended April 30, which captured the brunt of the pandemic's outbreak. Same-store sales rose 10% at U.S. Walmart stores on strong sales of food, health and wellness goods.


     
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