Wal-Mart has teamed with ChannelAdvisor in its ongoing push to expand the product assortment on its e-commerce site. ChannelAdvisor's software aggregates brands for online marketplaces, and the partnership may make it easier for third-party sellers to offer their products through Wal-Mart's e-commerce arm.
Wal-Mart's e-commerce revenues were up 12% last year, and this year the retailer will center its e-commerce efforts around expanding its online grocery offerings and overall product availability, the company said Thursday. In previous years, Wal-Mart has seen e-commerce growth of between 20% and 30%.
Wal-Mart's Neighborhood Market stores and online sales saw strong growth in the first quarter, the retailer reported Tuesday, indicating that e-commerce and smaller-format stores could fuel Wal-Mart's future. The company also reported strength in its grocery segment, as the retailer works to improve its fresh food offerings and the quality of its overall food selection.
Wal-Mart's e-commerce unit, @WalmartLabs, has acquired startup Inkiru, which has developed predictive analytics technology that Wal-Mart will use to improve personalization, search, fraud prevention and marketing in its online retail efforts. Wal-Mart expects to reap about $10 billion of its projected $466 billion in 2013 revenue from global online shoppers.
South Africa's e-commerce market is small compared to the rest of the world, but online retailers like Takealot.com see potential for growth. The company's sales have more than doubled since a U.S. hedge fund acquired a controlling stake two years ago, and Takealot now ships between 1,200 and 2,000 packages daily.