Assets
Wal-Mart is an American retailer that operates the world's largest retail chain, operating under the Walmart brand name. It is headquartered in Bentonville, Arkansas. The company ranks 1st in the Fortune Global 500 (2010).
About 50% of the share in Wal-Mart stores belongs to the heirs of the founder of the company, Sam Walton. The chairman of the board is Robson Walton. The Chief Executive Officer is Lee Scott. Hillary Clinton, wife of US President Bill Clinton, was a member of the board of directors of Wal-Mart in 1986-1992.
Performance indicators
2021: The first place in the world in terms of net revenue - $573 billion
"'Net revenue"' (net revenue) - revenue for added value.
This revenue includes revenue costs such as discounts, returns, etc.
Net Revenue Formula = Gross Revenue - Directly Related Selling Expenses.
2020
As of July 31, 2020, it consisted of more than 11.4 thousand points in 27 countries of the world. In addition, it is the largest employer in the United States - its staff in this country exceeds 1.5 million people.
Internet sales
2020
In the top 50 largest Internet sites in the world
Walmart becomes second in U.S. online retail market, beating eBay for the first time
American Walmart Inc, the country's largest retail company, bypassed eBay Inc's online auction for the first time in terms of the share of online sales in the United States amid the COVID-19 epidemic, according to data for May 2020 provided by eMarketer.
2018: Top 20 internet giants by size of internet audience
History
2024: $2.3 billion purchase of TV maker Vizio
In February 2024, the American Walmart chain announced the purchase of TV manufacturer Vizio for $2.3 billion. It is assumed that thanks to this acquisition, the retailer will be able to increase sales of Vizio products, as well as establish advertising for goods and services on Smart TV platforms. Read more here.
2023: $3.5 billion Flipkart stake purchase
On September 1, 2023, the American corporation Walmart announced the acquisition of a stake in India Internet the largest Marketplace. During February-July 2023, approximately $3.5 billion was spent for these purposes, as stated in documents released by the Securities and Exchange Commission (USA SEC). More. here
2022
Payment of $13.8 billion for uncontrolled sale of narcotic drugs with Walgreens and CVS Health
On November 2, 2022, it became known that one of the largest US pharmaceutical chains CVS Health and Walgreens, as well as giant Walmart, agreed to pay about $13.8 billion to settle thousands of lawsuits in connection with the opioid epidemic. Read more here.
Walmart bought Memomi
June 29, 2022 Walmart bought the developer of the service for virtual fitting of glasses. Memomi The company did not disclose the value of the transaction. More. here
2021
Buying the Botlock platform
In early November 2021, Walmart announced the acquisition of the company. Botmock Its participants did not disclose the cost of the transaction. Thanks to this purchase American , the retailer plans to set up features so that users can make purchases by voice and chat. More. here
Amazon overtakes Walmart for first time in annual retail revenue to become global leader
In mid-August 2021, it became known that Amazon overtook Walmart and became the world's largest retailer outside of China. Read more here.
Purchase of virtual clothing fitting service Zeekit
In mid-May 2021, Walmart announced the purchase of the virtual clothing fitting service Zeekit. The financial terms of the deal were not disclosed. Read more here.
The breakdown of the deal to buy TikTok due to the change of president in the United States
In mid-February 2021, ByteDance TikTok the Chinese company that owns abandoned a deal to sell its business USA to companies Oracle and Walmart. The deal lost its meaning after Donald Trump leaving the presidency. More. here
Launching warehouses where robots process online orders
At the end of January 2021, Walmart announced the launch of small warehouses with robots located at the company's stores. The innovation should help with the processing of online pickup and delivery orders amid the COVID-19 coronavirus pandemic.
In warehouses or local fulfillment centers, robots will collect orders from frozen foods as well as smaller general goods. Fresh produce, meat, seafood and larger general goods, such as large-screen televisions, will be stored in a shared trading floor, from where they will be brought by store employees.
So far, Walmart has not specified how many warehouses it intends to build. However, contactless services such as pickup and home delivery are rapidly gaining traction. In the first quarter, at the beginning of the pandemic, Walmart delivery services grew by 300%, and the number of new customers quadrupled.
 | We do not think that the use of these services will change much in the future - but we assume that the number of customers who rely on pickup and delivery will grow more and more, said Tom Ward, senior vice president of products at Walmart in the United States, on a teleconference. |  |
It also said Walmart began testing similar automated order assembly technologies in late 2019 at a Salem, New Hampshire, store. It turned out that with the help of robots, orders can be collected in just a few minutes.
The introduction of robots for assembly in warehouses will be the last major innovation of Mark Lore, who at the end of January intends to leave the post of executive director of Walmart for e-commerce operations in the United States. Pod Kontrolem Laura Walmart has launched delivery and pickup services from the store, as well as a special program for Walmart Plus buyers.[1]
2020
Sale of UK chain Asda for £6.8bn
In October 2020, Walmart agreed to sell its British supermarket chain Asda for £6.8 billion (about $8.75 billion), buyers include investment company TDR Capital and the founders of retailer EG Group - brothers Mohsin and Zuber Issa. Read more here.
Hiring 50,000 employees
In mid-April 2020, Walmart said it had met its initial goal of hiring 150,000 employees about six weeks ahead of schedule. Now the company plans to hire another 50,000 people to meet steady demand for products and a wide range of products during the coronavirus pandemic.
By mid-April 2020, Walmart is the largest private employer in the United States and provides work to about 1.5 million employees. Due to growing demand during the pandemic, the company, like other retailers including Amazon, Kroger and CVS Health, has hired thousands of additional workers. At the same time, the company reduced the hiring process from two weeks to 24 hours.
Walmart has averaged 5,000 people a day since announcing a new hiring campaign, said Walmart head of hiring Donna Morris. About 85% of new hires are part-time or temporary, she said, but some will move to permanent positions.
To speed up hiring, Morris allowed candidates to apply with a text message and used listings of more than 70 companies in hard-hit industries like restaurants and hotels to find workers who were forced to leave their jobs.
Morris claims 50,000 additional employees will work in key areas where Walmart continues to have a labor shortage: They will become fleet drivers, cashiers in warehouses and stores, and pickers in distribution and fulfillment centers.
| | We are proud to have been able to give jobs to many employees at this critical time, "Morris said. "We still see high demand in stores, and at the same time we want to provide our current employees with the opportunity to relax and stay at home if the situation requires[2] | |
Joining the Hyperledger blockchain consortium
In March 2020, it became known that eight new members, including Walmart, joined the Hyperledger blockchain consortium. Read more here.
$30 medical and $25 teeth brushing: Walmart takes up healthcare
From the end of February 2020, Walmart visitors will be able not only to purchase daily items, but also to undergo a medical examination for $30, get a tooth cleaning for $25, or talk about their problems with a consultant for $1 per minute. At the same time, the visitor is not required to have health insurance. This opportunity became available as part of the Walmart Health project, which became one of the first in the healthcare market for the world's largest retailer. Read more here.
2018
Savings of $200 million after switching to LED lighting
On October 16, 2018, it became known that Walmart's annual expenses were reduced by $200 million in connection with the transition to LED lighting (LED). The world's largest retailer saved another $20 million by using a new mastic to rub floors.
| | We are in the process of implementing a multi-year project to replace all fluorescent lamps with LED ones in our stores, clubs and parking areas, "Brett Biggs, chief financial officer of the company, said in a conversation with analysts at a conference at Walmart headquarters. | |
According to him, such a project is not only aimed at taking care of the environment, but also allows the retail chain to significantly reduce costs.
According to CNBC, in the United States alone, Walmart spends tens of billions of dollars to buy goods and services that the company does not sell in its stores, but uses it on its own. We are talking, for example, about tourist services and all kinds of spare parts. One such thing is mastic for rubbing floors.
| | Not only is the new wax cheaper, it's also stronger. It does not need to be polished often, which leads to a reduction in the cost of both the polishing itself and the fuel for the machines. Only one change of mastic for rubbing the floor allows us to save $20 million a year, "Biggs said. | |
Walmart's slogan is "Everyday Low Prices." To follow this motto, the company needs to sell cheap goods, and for this it needs to save itself. The less Walmart costs, the more customers save on purchases, CNBC reports.[3]
In addition, Walmart is forced to save in connection with the acquisition of companies. So, in 2018, a 77 percent stake in the Indian retailer Flipkart was acquired for $16 billion. In connection with this deal, Walmart downgraded its fiscal 2019 revenue forecast to include $0.25 per share in expenses related to financing the purchase of India's e-commerce market leader.
Online movie theater
American retail chain Walmart confirmed in July 2018 rumors of its intention to launch a video on demand (VOD) service as early as 2018. The streaming service is scheduled to launch in the last quarter of 2018 through the Vudu platform, which runs on an advertising model, according to Advanced Television. Walmart acquired this platform in 2010 for $100 million[4].
The service will provide access to a library of licensed TV shows, films and original programs at a lower price than key competitors - Netflix and Amazon - offer. Also, apparently, the possibility of launching the service on a free model supported by advertising is being considered.
Launch of virtual 3D shopping
At the end of June 2018, Walmart launched a virtual 3D shopping service on the Internet. In a special section on the retailer's website, customers can "go" to a designed apartment that contains things available for instant purchase. While researching a home, buyers click on items of interest to get more information about them.
By the time the service was announced, there were about 70 products from both third-party manufacturers and Walmart itself. Furniture and the most important household products are mostly available. In a virtual apartment, you can find a Microsoft Xbox One game console and a Samsung refrigerator, but it is not yet possible to choose them and order them.
In July 2018, Walmart will allow you to add groups of goods to the basket so that users can choose several interior items for purchase at once and imagine how they will look together.
According to Reuters, Walmart is launching virtual 3D shopping in an environment where retailers are looking for technologies to expand customer experience in physical and online stores. Walmart itself invests billions of dollars in the development of the e-commerce business, and also attracts logistics companies to cooperate to deliver goods ordered on the Internet.
Earlier in 2018, Walmart acquired startup Spatialand, which develops software to convert content into a virtual reality format. Spatialand technology allows retailers to create VR versions of their products, which are then shown on websites and screens in offline stores.
Russian retailers are also experimenting with VR. In June 2018, M.Video reported that it had conducted the first field VR/AR hackathon. 115 teams took part in the selection, of which three ideas were selected: the retailer intends to finalize these solutions together with the authors for their subsequent implementation in all its stores.[5]
Opening of the first high-tech mini-store
In early April 2018, Walmart launched what the companies claim was its first high-tech mini-supermarket. In it, purchases can be paid for through the messenger, and most goods are also available for purchase via the Internet.
According to the Reuters news agency, citing a Walmart statement, more than 8,000 products are presented at this outlet, which is open in the southern part of Shenzhen, including fresh fruits, fried mussels and much more. Visitors can pay for the purchase using the WeChat messenger using their smartphones.
At the end of March 2018, Walmart and the Chinese holding Tencent entered into an agreement under which the American retailer began using the WeChat Pay service to pay for purchases in all its stores in the west of the Celestial Empire. A supermarket in Shenzhen became the first in this project.
In addition to the ability to pay for products through a mobile application, the new point of sale is also interesting because about 90% of the total assortment is available at Walmart's online store on the JD.com site, part of the shares of which are owned by the American giant in the field of chain retail.
All people coming to the smart Walmart supermarket, as well as JD.com users, can order the delivery of purchased products. True, the store will deliver goods only to those places that are located within a radius of 2 km. It is claimed that delivery will be carried out in a maximum of 29 minutes.
Walmart is actively introducing new technologies into its retail network. So, at the beginning of 2018, about 100 grocery stores of the retailer received the Scan & Go service, which allows customers to scan the barcodes of goods in a mobile application and pay for purchases by phone. Thanks to the innovation, you do not need to stand in queues and use the services of cashiers. By the end of 2018, Scan & Go has to make money at 200 Walmart supermarkets. [6]
2017: Retailer Wal-Mart accelerates warehouse accounting with robots
The American retail chain Wal-Mart is introducing robots in its stores capable of scanning the contents of retail racks, Reuters reported at the end of October 2017.[7]
Robotic systems help Wal-Mart quickly replenish stocks of goods and prevent their absence from warehouses, and also save time for employees of the retail chain. Read more here.
2013: Wal-Mart figured out what to do with big data
In May 2013, it became known that one of the largest retailers in the world, Wal-Mart, found an interesting use for the so-called "big data": Wal-Mart accounting systems accumulate data on transactions when buying goods and a list of purchased items by a specific person. Based on the analysis of this data, Wal-Mart intends to form individual shopping lists and send them using a mobile application.
Gibu Thomas, Wal-Mart's head of mobile technology, said it was only one of the initiatives to increase in-store sales through e-commerce. "The future of retail, paradoxically, is in its past, in creating personal interactive communication with each buyer separately through smartphones," he said. Citing unnamed research on the American market, he also added that in-store purchases spurred by mobile technology could double the volume of the e-commerce market in 2016.
Mobile devices already account for about a third of Walmart.com traffic, according to Thomas. Moreover, those users who use the Wal-Mart application for smartphones are more likely to go offline to chain stores than other customers and spend 40% more, he added. At the same time, most network customers have smartphones at their disposal.
The Wal-Mart application already has a shopping list function, but user participation is required here. In addition, it prompts where to find a specific product on the shelf, and also issues digital coupons for discounts. Wal-Mart also tests a system called "Scan and Go" (literally - "Scan and go"), which works as follows: buyers scan each product with a smartphone when placing it in a basket in a hypermarket, and then use a smartphone at the checkout to pay for purchases on their own.
Now the company has decided to go even further, working on technology that will allow you to form shopping lists for each user automatically. "The best shopping list is one that doesn't even need to be drawn up," Thomas said.
2012
Walmart is the world's largest retail chain, which includes (as of 2012) more than 10,130 stores in 27 countries. Among them are both hypermarkets and supermarkets selling food and industrial products. The strategy of the network includes such components as the maximum assortment and the minimum, striving for wholesale, prices. Walmart's main rivals in the U.S. retail market are Home Depot, Kroger, Sears Holdings Corporation, Costco and Target chains. Walmart is a leader in implementing technologies related to the use to trade RFID of in-labels.
The total number of employees of the company is 2.1 million people (January 2010). The company's turnover in 2009 was $405.0 billion (in 2008 - $401.2 billion), net profit - $14.33 billion ($13.4 billion in 2008), operating profit - $23.95 billion ($22.7 billion in 2008).
Stock price dynamics
| Ticker company on the exchange: | NYSE: WMT |
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