Walmart has been on a buying spree lately.
But the online retail giant’s stock has seen some dips over the past few weeks.
Walmart announced on Wednesday that it had sold $3.2 billion worth of goods online since it launched its online shopping platform in late January.
The company said that it was selling $3 billion worth at its online store in the first two weeks of this month, up from $2.8 billion at the end of the first quarter.
In other words, Walmarts stock has fallen about 40% since January.
But when it comes to its online stores, the company has been able to retain customers.
Walmarts online stores are currently selling $12.7 billion worth in goods, according to Bloomberg data.
That includes $2 billion in groceries, $2 million in clothing, $900,000 in electronics, and $1.1 billion in movies and music.
Walmains online stores have also grown the most over the last year, with sales growing by 18% to $3,932 billion in 2017, according a report from research firm eMarketer.
This chart from eMarketers shows Walmills online store sales in the U.S. since January 2016.
In the first half of 2017, WalMart sold about 2.2 million items online, up 24% from the first three months of 2017.
Thats enough to make it the fourth-largest online retailer in the world.
Amazon, however, has grown its online retail sales at a faster rate than Walmords over the same period.
Amazon has sold $9.2 trillion worth of online merchandise since it introduced its online shop in January.
That’s more than Walmarys entire first half.
Thats why Amazon is able to hold on to customers, while Walmards stock is going up.
WalMart, however is not alone in having trouble with online sales.
Walmart’s stock price has been trending downward since it first launched its platform in 2016.
Last month, Walmart stock fell 3% to below $10 a share, which is its lowest level since early 2016.
But Amazon’s online store growth has continued to accelerate.
Amazon reported last week that it sold $4.7 trillion worth in online merchandise in the fourth quarter of 2017 alone.
That number was up 14% from a year ago.
That is a huge jump in sales that is likely a result of the fact that Amazon is more popular than WalMart and has been doing well in general.
Wal-Mart has struggled to grow online sales since it started its platform, however.
It has struggled with a growing customer base.
Last year, Walmarths online store was down 23% from its fourth quarter 2016 total.
Amazon is also not the only company struggling to grow its online sales over the years.
Wal-Mart had been on the upswing for years before Amazon.
The online retailer had more than 3.6 million online shoppers in the United States in 2017.
Amazon has been the top seller in the nation since its debut in 1996.
That year, Amazon sold about 1.6 billion items online.
That figure is now up to 2.1 million, according the data from e-commerce tracker Zillow.
Amazon also continues to grow, albeit slowly.
It recently surpassed WalMart as the largest online retailer worldwide in the third quarter of 2018.
Amazon’s market share in the country is expected to reach 11% by 2021, according eMarkets.
The growth of Amazon online shopping is not unique to the U and world.
Other companies are also doing well online.
Last summer, Google surpassed Wal-mart in the global online shopping market, with about 3.5 million online customers in the process.
The Google search engine has been growing rapidly over the year, and now is more profitable than Wal-marys overall sales.