But the pace of online growth slowed more than expected in the quarter. Online sales were up 23% compared to a year ago, but slower than the 50% growth Walmart enjoyed during the first nine months of its fiscal year. Some of that slowdown in growth was because the company ran out of some items at its online fulfillment centers, said CEO Doug McMillon. But the company is still making more inroads into online shopping than many traditional brick-and-mortar retailers. "There are many demographics, especially younger and professional segments, for whom Walmart is not the destination of choice online.

Source: CNN February 20, 2018 15:11 UTC