The retail Goliath extended its streak at No. 1 on the Global 500 for a ninth consecutive year, bringing in more than $570 billion in revenue. Walmart successfully navigated a challenging 2021—sales grew by 2.4%, and profits inched up by 1.2%—owing in part to its e-commerce offerings: To better compete with delivery rivals as varied as Amazon and DoorDash, Walmart expanded its store-to-fridge delivery service, InHome; it also tested driverless delivery vehicles with Ford. Its click-and-collect curbside pickup service generated sales of $20.4 billion in 2021, a tripling over the past two years. The company’s e-commerce strategy is now in new hands: Walmart’s chief e-commerce officer, Casey Carl, retired and was replaced by Tom Ward in February 2022.
Fan Jianlei—JIEMIAN NEWS/VCG/Getty Images
Lists ranking Walmart
Fortune Modern Board 25 - 2022Fortune collaborated with the Diligent Institute t...READ MOREview in list
World’s Most Admired Companies - 2022Just as it dominates our economy, Big Tech now dom...READ MOREview in list
Latest news for Walmart
- RetailWalmart ordered to pay shopper $4.4 million after security guard’s racial profiling and harassmentAugust 23, 2022 9:48 AM UTC
- NewslettersSnap wants to be more than a social media company. Will it ever fulfill that promise?August 19, 2022 5:27 PM UTC