DESPITE MONEY AND EFFORTS, WALMART STILL STRUGGLES IN U.S.
Sorry despite multiple and sincere efforts I was not able to get the photo from this article for some reason. Walmart fascinates me, for many reasons. But as the largest retailer in the world, they shed light on lot of things in the market. It seems like Walmart just can’t find itself these days. Realizing that just having the lowest or low prices is not enough to guaranty success, they have tried to expand in many ways. They have introduced new lines of business, such as the auto insurance industry, health clinics, ramping up their web site to compete with Amazon, etc. But none of these has really been successful and I think they have taken Walmart away from their core focus and customers. But I understand that they must widen their customer base if they are to be successful and that is what they have been pouring their money and efforts into lately. Their main focus has been improving their web site to compete against Amazon. But from what I read here, there is no chance from them to compete against Amazon, despite Walmart spending $650 million dollars to do so in the past 2 years alone. Their efforts to expand their smaller size formats are still in the works and have not been successful to date. It seems like they missed a huge opportunity to accelerate this effort by buying Family Dollar and their 11,000 locations, who ended up merging with Dollar Tree instead. It seems like they really have no direction or plan, just keep trying to enter new business markets and hope that something will catch fire and work. Eventually they will need to come up with a real and focused strategy if they want to compete against their rivals like the dollar stores and Costco, Target, Kroger, etc. We will see what they come up with and I will be watching closely. As always thanks for reading and have a great day.
'It's sad...pitiful': Howard Davidowitz weighs in on Walmart's latest disappointment
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