Why An Emboldened Walmart Is Looking To Beyond Retail For Future Growth
Feb 19, 2021
Walmart wants to tap what it sees as its greatest asset: its reach. Every week, 150 million customers visit its stores, website and app. The company not only wants to sell groceries, clothes and other items. It wants to chase new business opportunities, from bulking up its ad sales to becoming a major health-care provider. With the strategy, Walmart is acknowledging a tough reality: Retail may not be enough to power its future. On Thursday, the retail giant’s leaders spoke at a virtual investor day and detailed a plan to sustain momentum as some coronavirus pandemic-related tail winds fade and online sales swell. Read more at CNBC.