A woman buying packets of instant noodles as people panic buy groceries in a supermarket. Online sales of the pantry staple typically devoured by penny-pinching students rose 578% between Feb 23 and March 21, according to a company presentation obtained by Bloomberg News, helping to fuel a 31% increase in e-commerce revenue over the last eight weeks. — AFP
It’s a good time to be a ramen seller on Walmart Inc’s website.
Online sales of the pantry staple typically devoured by penny-pinching students rose 578% between Feb 23 and March 21, according to a company presentation obtained by Bloomberg News, helping to fuel a 31% increase in e-commerce revenue over the last eight weeks. Other categories seeing explosive growth online included shelf-stable milk, pasta, soup and canned vegetables, which all rose more than 400%.
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