The plan: Walmart aims to boost its operating margins by investing in areas such as ecommerce, retail media, and third-party services, said CFO John David Rainey at a Raymond James investors conference in Orlando.
Developing the flywheel: Walmart navigated the choppy waters of the pandemic-era retail landscape well and recently reported Q4 results in which December was the largest sales volume month in the company’s history. But while stores are the heart of Walmart’s business, the company is taking a page from Amazon as it looks to build up its ecommerce flywheel.
Convenience and value: Walmart believes a simple message focused on both convenience and value should serve it well for any economic environment, Rainey said.
The big takeaway: Not only is Walmart well-positioned to weather the current economic uncertainty, it is making the strategic investments necessary to emerge stronger than it was before the pandemic.
Go further: For more on Walmart’s growth prospects, check out our Power of Walmart report.
This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing—a daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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