If Walmart were a country, it would be the 26th largest economy in the world. It has more employees worldwide than the population of Mauritius and Maldives combined.
So, what makes Walmart the Retail Magnate?
✓ With a revenue of $534 Billion, Walmart has almost twice the revenue size of Amazon. For all categories except food, the average product available here is 34 percent cheaper than if purchased via Amazon.
✓Walmart is bigger than all its competitors notably Home-depot, Kroger, Target, Sears, Costco, and K-mart combined.
✓ In 1993, they celebrated the first $1 billion sales week, and 1997 was their first $100 billion sales year.
✓Walmart makes double from omnichannel customers. Customers who shop both in stores and online spend nearly twice as much as customers who only shop in stores.
✓Very innovative, in ways of Customer service. In 2018, they launched InHome Delivery, which involves a representative placing groceries directly in your fridge.
After acquiring a few of India’s most trusted brands like Myntra, Flipkart, and PhonePe, can they recreate such a massive impact in India?