NEW YORK | Walmart beats all around, with e-commerce sales rebounding
NEW YORK — Walmart is reporting better-than-expected profit and revenue for the first quarter with rebounding e-commerce sales.
Revenue at Walmart stores opened at least a year rose 2.1 percent, the company said Thursday, also surprising Wall Street.
It’s an encouraging report from Walmart, which like other retailers is looking at new ways to compete in light of swiftly changing shopping habits and intense competition from Amazon.
And it’s another sign that perhaps traditional retailers are emerging from a deep funk.