Walmart's success attributed to emulating Amazon's strategies, focusing on e-commerce, advertising, and growth

From Nasdaq.: 2024-05-26 05:12:00

Walmart used to be struggling, but CEO Doug McMillon turned things around, leading to a stock split. By borrowing ideas from Amazon and focusing on growth areas like e-commerce and advertising, Walmart is outperforming rivals like Target.

Walmart’s financial success is driven by rising membership income, e-commerce growth, and a 24% jump in advertising revenue. Its acquisition of Vizio and growth of Walmart+ show a strategic shift to compete with Amazon and other e-commerce giants.

Despite past struggles against Amazon, Walmart is now leveraging its strengths in groceries and emulating Amazon’s high-margin revenue streams. With robust growth and market share gains, Walmart’s stock is expected to continue growing for investors.

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Read more at Nasdaq.: What’s the Secret to Walmart’s Success? Look at Amazon.