Thursday, August 17, 2017

Walmart shows that traditional retail can thrive if they adapt, evolve

The second quarter numbers show that Walmart remains firmly on the front foot and is more than holding its own in a challenging and competitive retail market. It is particularly pleasing to see sales growth accelerate since Q1 -- a clear sign that the various initiatives and investments are paying dividends.
Admittedly, some of the growth numbers may seem small. The 3.3% uplift in Walmart's U.S. sales, for example, looks rather weak compared to the 17% increase in Amazon's retail sales over a similar timeframe. However, in monetary terms the gains are significant. Walmart US took $2.5 billion more than the same period last year. In this context, Walmart's performance compares favorably to Amazon, which added $3.5 billion to its retail sales line on a global basis.. . . more

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