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3 numbers that show how dramatic Walmart's transformation has been with Amazon nipping at its heels

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
While investors weren't too thrilled when Walmart reported a conservative outlook during its fourth-quarter earnings this week, the company shared three key numbers that underscore just how much the company has grown in recent years.
The article from MSN Money discusses Walmart's significant transformation in response to competitive pressures from Amazon. It highlights three key metrics illustrating this shift: 1) E-commerce Growth: Walmart has aggressively expanded its online presence, with e-commerce sales in the U.S. growing by 23% in the first quarter of 2024, showcasing its adaptation to the digital shopping era. 2) Store Closures and Openings: While Walmart has closed numerous underperforming stores, it has also invested in new, smaller format stores and remodeled existing ones to better cater to modern consumer needs, focusing on convenience and omnichannel retail experiences. 3) Market Share: Despite Amazon's dominance in online retail, Walmart has managed to maintain and even grow its market share, particularly in groceries, leveraging its extensive physical store network for online order fulfillment. This transformation reflects Walmart's strategic pivot towards becoming a more tech-savvy, customer-focused retailer in the face of fierce competition.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/general/3-numbers-that-show-how-dramatic-walmart-s-transformation-has-been-with-amazon-nipping-at-its-heels/ar-AA1zzlpp ]