 "flipkart, e-commerce")
Walmart International, the segment which includes the retail giant’s operations outside the US, on Tuesday reported a 1.3 per cent rise in net sales in the third quarter of 2020, led by e-commerce firm Flipkart, Canada, and Walmex (Walmart de Mexico).
The Covid-19 pandemic has accelerated the shift to e-commerce, with an increasing number of consumers shopping online at a higher frequency.
Changes in currency rates negatively affected net sales by approximately $1.1 billion. Excluding the currency factor, net sales were $30.6 billion, an increase of 5 per cent. It said strong growth in net sales at Flipkart was helped by a
