Walmart Inc (USA) reported growing same-stores sales, however apparel was not amongst the growth categories.

 

The retailer has made a considerable investment in the apparel category (buying, but ultimately selling digital native brand Mod Cloth, as well as purchasing the Bonobos brand).

 

Still, groceries make up about 56% of Walmart's revenue.  That's troubling since margins on groceries are razor thin.

 

Here's a round up of Walmart's Q4 results:

 

• Revenue climbed nearly 2 percent to $141.67 billion from $138.79 billion a year ago.


• Same-store sales in the U.S. were up 1.9 percent, compared with 4.2% last year.


• The average shopper’s ticket, however, grew 0.9 percent.


• Online sales were up 35% percent during the fourth quarter.


• Walmart will be stopping its text-to-order service called Jetblack, which has failed to be profitable.