Walmart’s Earnings And The Great Retail Convergence
Feb 18, 2022
Walmart reported earnings this morning that beat estimates, driven in part by comparable sales growth of 5.6% for the fourth quarter, but it also noted that its ad services business generated some $2.1 billion in sales.
Why it matters: It wasn’t all that long ago industry insiders were predicting the demise of Walmart, but it can now go toe-to-toe with Amazon after heavily investing in e-commerce and diversifying into services from advertising to health to financial. Read more at Axios.
Read Big Box Swindle by Stacy Mitchell, cofounder of the Institute for Local Self Reliance (ILSR.org). Subscribe, like, follow, join them, donate to them. ILSR is one of the most ferocious advocates for Local and Independent you could ever hope for. And you can learn a LOT from that book.
Walmart and Amazon need to be completely dismantled, not just broken up.