While Walmart has managed to increase the weight of online sales in 2022, with total revenue growth keeping pace with inflation, the company is making supply-chain automation a priority. Within 3 years, the majority of volumes processed in the warehouses and Web orders prepared in stores will be automated.
At the investor meeting on 4th April, 2023, Walmart (2022 sales of US$611.3 billion, up by 7.4% at constant rates – equivalent to inflation) shared strategies with the financial markets. Over the next 3 to 5 years, the firm set a target of 4% sales growth and a “significantly higher” increase in operating profit. By 2022, however, operating profit fell by 21% to US$20.5 billion. The reasons were higher markdowns, lower demand for non-food and a one-off fine of US$3.1 billion related to a...
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