As retail giants Amazon and Walmart compete to be consumers’ go-to for more of their day-to-day needs, the two companies are looking to delivery times as a key factor influencing shopper loyalty. Amazon, for its part, shared on its Q2 earnings call last week how...
Walmart reported better than expected Q1 earnings Thursday (May 16) but that’s not the most important story. The earnings announcement and subsequent analyst call showed a price-driven retailer making adjustments to its core business model in the interest of driving long-term revenue growth in the...
Walmart’s latest results show continued momentum in digital commerce and the buildout of its online marketplace. The company said on Tuesday (Feb. 20) that overall eCommerce sales surged 23% in the quarter, and eCommerce net sales globally represented about 18% of the net sales logged...
Walmart’s CEO says it’s difficult to project what the retailer’s post-holiday sales will look like. Speaking with CNBC Wednesday (Dec. 6), Doug McMillon said that higher credit card balances and reduced household budgets have called into question how much consumers will spend, despite their recent resilience. “If we...
August 09, 2024
As retail giants Amazon and Walmart compete to be consumers’ go-to for more of their day-to-day needs, the two companies are looking to delivery times as a key factor influencing shopper loyalty. Amazon, for its part, shared on its Q2 earnings call last week how boosting delivery speeds is increasing consumers’ spending in key consumables […]
February 20, 2024
Walmart’s latest results show continued momentum in digital commerce and the buildout of its online marketplace. The company said on Tuesday (Feb. 20) that overall eCommerce sales surged 23% in...
April 05, 2023
At its investor day in Tampa, Florida, on April 4-5, Walmart executives laid out a five-year plan that emphasizes membership, choice and a thoroughly modernized customer experience. In his closing...
February 21, 2018
After three consecutive quarters of eCommerce growth that was north of 50 percent, Walmart’s digital sales grew less than half of that last quarter – and investors were less than thrilled. That...
December 06, 2023
Walmart’s CEO says it’s difficult to project what the retailer’s post-holiday sales will look like. Speaking with CNBC Wednesday (Dec. 6), Doug McMillon said that higher credit card balances and reduced household budgets have called into question how much consumers will spend, despite their recent resilience. “If we had been talking last spring or at the beginning of […]
August 16, 2023
Walmart has announced major leadership changes within the company, with Judith McKenna, the president and CEO of Walmart International, set to retire after 27 years with the retailer. Effective Sept. 11, Kath...
November 14, 2019
It looks like Walmart will have some time back at the drawing board when it comes to their great eCommerce upgrade of recent years. During the post-earnings call with investors, CEO...
June 06, 2019
In a somewhat surprising turn of events at Walmart’s annual investor meeting, CEO Doug McMillon voiced his opinion that the time has come for Congress to raise the minimum wage...
