"Our e-commerce business delivered double-digit sales growth and contributed approximately 30 basis points to total Wal-Mart U.S. comp sales," said Bill Simon, CEO of Wal-Mart U.S. "Approximately two-thirds came from the walmart.com fulfilled sales and the remainder from store fulfilled orders. We saw particular strength in home, hardlines, toys and seasonal, and apparel, which was somewhat offset by softer results in electronics."
E-commerce sales for Sam's Clubs are 0.2 percent of the first quarter sales pie of $12.2 billion excluding fuel.
In the U.K., Wal-Mart's Asda's Click & Collect online grocery home shopping business has a market share of more than 19 percent. E-commerce sales were up 19 percent in the first quarter.
In China, the company's Yihaodian e-commerce effort saw traffic surge in triple digits and has 3 million items available.
Wal-Mart will invest 2 cents a share to 4 cents a share of its earnings in e-commerce investments.
The most pressing issue for Wal-Mart is that it has to meld e-commerce with physical sales and generate a virtuous cycle. The jury will be out on Wal-Mart's ability to use e-commerce to turbo charge the overall business for the foreseeable future.