WALMART BECOMES A PANDEMIC LIFELINE, ONLINE SALES SURGE 74%
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.
At a time when a huge swath of stores that sell non-essential merchandise temporarily shut down, Walmart has
