“We’re convinced that most of the [shift to online shopping] will persist beyond the pandemic," CEO Doug McMillon says.
“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back."
The surge in e-commerce reflects shifting shopping habits amid the coronavirus pandemic and helped power a 9.3% gain in Walmart's same-store sales.
The partnership’s initial launch will be available across four markets in California and Oklahoma.
The troubled retailer said its online growth "leaves us well-positioned to fuel our brands going forward" but its shares sank 5.5%.
Treasurer Mike Lenz will replace Graf as FedEx faces the challenge of adapting to increased ecommerce deliveries.
“We are proud of the progress we have made over the past few years, and believe we have a long runway for growth ahead of us."
Consumers made $2.9 billion in purchases from their smartphones, a record for mobile sales.
“In the past few weeks it became clear that I was not on the same page as my new board,” CEO Devin Wenig tweets.
The e-commerce platform believes 6 River's Chuck robots will increase the speed and reliability of its AI-powered fulfillment network.
The toy maker is investing in its retail and digital businesses to "create a strong foundation from which to grow in the long term."
The online marketplace is paying $275 million in cash for the music seller, which will continue as a standalone company.
