×
99
Fashion Jobs
OUTHOUSE JEWELLERY
Hiring For Various Positions at Outhouse Jewellery
Permanent · MUMBAI
SOLTEE BY SULAKSHANA MONGA
Production Manager/Merchandiser
Permanent · GAUTAM BUDH NAGAR
TERRAIN INFRATECH
Factory Manager || Production Manager || Bilaspur || Binola |
Permanent · Gurugram
CORPORATE RESOURCES
Merchandising Manager (Knitted Garments)
Permanent · Tiruppur
KARAMTARA ENGINEERING PVT. LTD.
dy. Manager / Manager - Production @ Tarapur
Permanent · Tarapur
RELIANCE INDUSTRIES LTD
Sales Officer - Reliance Ajio Business B2B
Permanent · Hyderabad
THE GLOBAL ZONE HR SERVICES
Production Manager (Mechanical Engineer)
Permanent · Gurugram
OUTHOUSE JEWELLERY
e- Commerce Merchandiser & Sales Executive
Permanent · MUMBAI
PARVATI FABRICS LIMITED
Merchandiser
Permanent · SURAT
PARVATI FABRICS LIMITED
PR Manager
Permanent · SURAT
PUMA
Head-Supply Chain Management
Permanent · BENGALURU
PANTALOONS HO
Assistant Brand Manager - Mumbai
Permanent · MUMBAI
LIFESTYLE BRANDS
Manager - Marketing, Peter England - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · MUMBAI
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
GULLY LIVE FAST
Fashion Merchandiser
Internship · MUMBAI
AASHUMI MAHAJAN BRAND CONSULTANCY
Graphic Designer
Internship · MUMBAI
By
Reuters
Published
Nov 17, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Walmart beats profit estimates on buoyant online sales

By
Reuters
Published
Nov 17, 2020

Walmart Inc posted a bigger-than-expected increase in quarterly same-store sales and beat expectations for profit on Tuesday amid a 79% surge in its online business with overall rises in spending on electronics, sporting goods and groceries.




Sales at U.S. stores open at least a year rose 6.4%, excluding fuel, in the third quarter ended Oct. 31. Analysts had estimated an increase of 4.16%, according to IBES data from Refinitiv.

The surge in demand for essentials at Walmart seen at the peak of the coronavirus lockdowns has carried into the second half of the year, with consumers relying on its same-day delivery options and store pick-up services to buy everything from groceries to sneakers.

“We think these new customer behaviors will largely persist and we’re well positioned to serve customers with the value and experience they’re looking for,” Chief Executive Officer Doug McMillon said in a statement.

The COVID-19 pandemic has also forced retailers to drastically rethink how they do business during the key holiday season, with many big retailers including Walmart, Kohl's, Target and Best Buy moving their promotions up to as early as October.

Despite a slow start to the back-to-school shopping season, which typically begins in July, Walmart said it benefited later in the quarter from the delayed start.

Walmart said on Tuesday it incurred about $600 million in additional COVID-19 expenses that included higher wages for warehouse workers and bonuses for store employees, as well as spending more on keeping its facilities clean. The retailer had recorded about $1.5 billion in such expenses in the prior quarter.

Operating income jumped 22.5% to $5.79 billion in the third quarter, while Walmart reported adjusted earnings per share of $1.34 that topped expectations for $1.18.

Total revenue rose 5.2% to $134.71 billion, beating estimates for $132.23 billion.

Shares of the company were up marginally at $153.25 in premarket trading. They have risen 28% so far this year.
 

© Thomson Reuters 2020 All rights reserved.