
Five moves Walmart is making to overhaul its business for the future
CNN
Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers.
Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. The company will release its fourth quarter earnings before the market opens Tuesday. They will provide the first clue to how and whether this is all going to work out. Walmart CEO Doug McMillon is expected to further outline Walmart’s the company’s new strategies and initiatives. Walmart, addressing criticism it has faced in the past over worker compensation, it is also ratcheting up pay for at least a slice of its work force. Walmart’s biggest risk is the increased investments it is making, according to a recent note from Jeffries analysts, which added that “was one of the most discussed topics in our conversations with investors.” It’s partway through a billion-dollar store makeover program, Walmart said in October, designed to keep customers engaged and shopping. Among the most discernable changes, pharmacies have been moved toward the front of the store and feature new private screening rooms. Home goods are showcased and some aisles are wider. Walmart did not respond to a request for comment.