logo
Plus   Neg
Share
Email

Walmart To Accelerate Investments In Key Areas To Support Faster Sales Growth

Walmart Inc. (WMT) today issued its 2021 Annual Report and filed its Proxy Statement in preparation for the company's upcoming virtual Annual Shareholders' Meeting on Wednesday, June 2, 2021.

Walmart said it has made gains in recent years that it will protect, including the value for customers it offers and the lead it has built in pickup services.

The company is broadening the scope of products and services it offers to increase relevance in more customers' lives, while layering in a more robust digital experience to improve engagement. And now it will accelerate investments in key areas to support faster sales growth and keep the current asset base fresh.

The retailer is reportedly removing 300 of automated pick-up towers inside its stores and "hibernating" another 1,300 because customers grew accustomed to curbside pick-up during the pandemic — and prefer it.

Walmart President and Chief Executive Officer Doug McMillon outlined the strategic path forward for the company and touched on the ways Walmart will continue to invest in a more diverse and inclusive workforce.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Uber Technologies Inc. (UBER) Wednesday reported a first-quarter loss that narrowed from last year, despite revenues dropping 16%, reflecting a gain from sale of self-driving unit. The ride-hail service's fourth-quarter loss was narrower than Wall Street estimates, but revenues fell short of expectations.... Social media giant Facebook's Workplace business tool has breached the seven million paid subscribers mark at a time when jobs have gone remote and is now the new normal amid the ongoing pandemic. The number of paid subscribers has grown 40 percent from last year. General Motors Co. (GM) Wednesday reported a profit for the first-quarter that surged from last year, driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, as well as the industry recovery in China. Earnings per share topped analysts' expectations, while quarterly revenues missed their estimates.
Follow RTT