Reported 7 months ago
Walmart is impressing investors with its growth trajectory, which is heavily reliant on three key e-commerce initiatives, as revealed by Yahoo Finance. The retail giant aims to leverage artificial intelligence, advertising, and its extensive store network to boost its e-commerce profitability within the next couple of years. Despite facing tough competition from Amazon and Target, Walmart's e-commerce sales are surging again after a pandemic-induced slowdown, with a focus on AI and supply chain optimization. Additionally, the company is banking on its Walmart+ membership program and expanding advertising segment to enhance its online presence and customer base. Despite trailing Amazon in the advertising sector, Walmart's strategic moves are showing promise to gain market share and solidify its position in the e-commerce landscape.
Source: YAHOO