Walmart announced earlier this month that it is ready to strengthen its position in the e-commerce market. According to a recent article on The Street, the e-commerce revenue at Walmart.com accounts for less than 3 percent of Walmart’s total sales. However, with a new CEO for its website – Fernando Madeira, the former president of Walmart’s Latin American e-commerce division – the company is ready to change all of that.
Walmart CEO Doug McMillion spoke at the company’s annual shareholder meeting on June 6, and commented on the retailer’s desire to become a stronger force in the e-commerce market.
“If we don’t move fast – and the world is, you know, moving very quickly – I think it puts us at risk,” he said. “So I am really interested in moving with speed but not in a reckless way.”
One move Walmart is making in hopes of improving its e-commerce is adding three new facilities in Indiana, Pennsylvania and Texas. According to Walmart’s Head of Global e-commerce Neil Ashe, the new facilities will give the retailer one- or two-day access via ground to everyone in Texas and east of the Mississippi, which equals out to about 200 million or so Americans.
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