Wal-Mart’s recent announcement that it is expecting “lackluster returns for the next two years” has Wall Street up in arms. The reason? Wal-Mart plans to invest heavily in e-commerce and employee wages.
E-Commerce Only 3% of Sales at Wal-Mart
Online giant Amazon is calling the shots in the retail space these days with their 100% online commerce approach. Wal-Mart is reacting to that. Even staid old Macy’s has 8% of their revenues from online channels. Wal-Mart needs to climb on board the e-commerce train.
What does this mean for small- to mid-sized businesses? As more and more sales move online, your own online presence needs to keep up. Fortunately there are a plethora of options for you to consider for obtaining economical shopping cart websites for your small- to mid-sized business. Our personal favorite are Woocommerce sites based up on the WordPress platform.
Source: http://venturebeat.com/2015/10/22/walmart-gets-it-losses-are-an-e-commerce-right-of-passage/
Do you need an e-commerce website for your business? Are you sure you are ready to take that on? Talk to Allen Jezouit or Luke Schulze today by calling 413-458-1721.