At its investor meeting on Tuesday, Oct. 10, Walmart discussed its plan to emphasize e-commerce growth. Company officials said e-commerce sales should increase by about 40 percent next year as Walmart adds more than 1,000 grocery pickup locations.
Executives with the company also said that the discount retailer intends on opening fewer than 25 domestic stores in fiscal 2019, which ends in January of 2019. That is down from the opening of about 230 stores as recently as 2016.
Walmart will, however, continue to expand internationally. The company plans on opening 255 new stores outside the U.S., with a focus on Mexico and China.
Source: Produce News