Walmart generated a record $152.1bn in sales, an increase of $10.4bn or +7.3%, in Q4 (13 weeks ended Jan. 29, 2021). Looking towards FY22, the retailer said it will be investing heavily in its “next generation business model” to fuel further growth.
Walmart+, a new membership program launched by Walmart this month, clearly illustrates the retailer’s online grocery ambitions as it goes toe-to-toe with Amazon Prime. Concurrently, the move also signals Walmart’s ambitions of becoming more than a leading...