Walmart CEO Doug McMillon has been increasingly interested in expanding his company's profit pools beyond its core retail business.
CEO Doug McMillon has been increasingly interested in expanding his company's profit pools beyond its core retail business.
Just 7% of U.S. retailers had a "buy online pickup in store" option enabled in January 2018. The pandemic accelerated that rate to 22% of retailers as of last month, according to theA significant opportunity remains. As of last December, Adobe and market researcher IDC estimated the total addressable market for content and commerce software as a service was worth around $44 billion.
Walmart's size and scale and its proximity to 90% of the U.S. population within 10 miles of one of its stores gives it a substantial advantage. Further, Bhardwaj said, "we really want to serve our communities, our shareholders, our stakeholders and the community better." The new software business opens up a potential revenue stream for Walmart and it fits in with its strategyand allows profit to flow back into the company to fund further innovation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
UPS shares hit three-month low on worries e-commerce is coolingUnited Parcel Service Inc (UPS.N) shares fell to a three-month low on Tuesday on worries that growth from the pandemic-fueled e-commerce boom may be fading.
Leer más »
Amazon denies report of accepting bitcoin as paymentAmazon.com Inc (AMZN.O) on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.
Leer más »
Hang Seng down 5% in late trade as tech selloff intensifiesThe Hang Seng undefined dropped 5% in late trade on Tuesday, skidding on concerns over regulatory action. Of the major tech companies, Meituan undefined...
Leer más »
We asked 10 crypto traders to show us the apps they use on their phone to trade, track prices, and read newsBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
Want to work a 4-day week? These are the books to read.Business Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
A lawyer went to prison, became a minister, and got his life backHow a lawyer who went to prison for 9/11-related fraud got his law license back and became an ordained minister along the way
Leer más »