Topic > The Development of Walmart Inc. Largest International Discount Department Stores

IndexDiscount ItemsOnline Grocery Delivery/PickupRevenueRevenue ConclusionsNet IncomeNet Income ConclusionsCompany Changes (Walmart)Current EventsReferences:Walmart Inc. is one of the largest large international discount warehouses. Walmart offers convenient products to its consumers in a convenient and convenient manner. Headquartered in Bentonville, Arkansas, United States (Walmart, 2018), the mega-corporation operates internationally with over 11,700 stores in 28 countries (Walmart, 2018). The majority of its business, however, is conducted in the United States, where 76% of its revenue was generated last fiscal year (Walmart, 2018). Target, Costco, and Amazon are Walmart's main competitors in the retail industry (Walmart, 2018). Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Founded in 1962 by Sam Walters (Walmart, 2018), Walmart's major shareholders now include his three children Jim Walton, Alice Walton, and S. Robson Walton. Walmart Inc. has now grown into a multibillion-dollar department store and is expanding its business in the online grocery delivery market by doubling the number of stores with access to the service (Walmart, 2018). During this fiscal year, they also expanded their e-commerce site into Canada and Mexico (Walmart, 2018), providing new customers with access to their convenient shopping tool. Discounted Items Walmart aims to provide its customers with quality products at a low cost. The company's main product line is discount products from their department stores. These are quality goods that customers desire, with the feature of a discounted price. This gives customers the benefit of reduced spending on essentials, allowing them to be more flexible with their budget. Online Grocery Delivery/Pickup Walmart has expanded its operations to make the customer experience more convenient by offering a new online grocery service. This service offers customers a personal shopper, along with Walmart's iconic savings feature and new free 2-day delivery (Walmart, 2018). This new service offers customers the advantage of saving time and the convenience of purchasing groceries from home. The company continues to beat its competitors by offering countless discounts and benefits to its customers, such as price matching and constantly updated offers. Revenue During fiscal 2018, the company recorded its highest revenue of all time at $503 billion, with a 44% increase in sales generated by eCommerce (Walmart, 2018). This spike matches the overall increase in revenue over the past 5 years, with the largest jump of $15 billion occurring in fiscal 2018 Revenue Conclusions Using the data provided in the annual report, it is clear that the increase in revenue is a result of the increase in the number of members and net sales and the growth of their e-commerce site. A $1 billion increase in subscription sales in 2017 and 2018. A $14 billion increase in net sales for fiscal 2018, accounting for the large increase in total revenue. Furthermore, the reported 44% increase in eCommerce revenue (Walmart, 2018) is a result of doubling the number of products on Walmart.com (Walmart, 2018). The increase in subscriptions and e-commerce sales correlates with Walmart's efforts to expand its online retail operations. Net Income Walmart's net income has increased over the past 2 years (Walmart, 2018), after,