And the retail giant expects to make more money doing it, with more automation and lots of online fashion.
The company’s investor meeting in Tampa, Florida, on Wednesday made it clear just how far the company has come — and just how far it plans to go, adding more automation while focusing on omnichannel growth, costs and return on investment. Getty Images
“They can take their phone and shop anywhere, anytime they want,” the CEO said. “They can pick up an order or they can have it delivered in some markets. They can have it delivered all the way into their refrigerator. We’ve now scaled those capabilities and are well-positioned for future growth.” “You can be a merchant with opening price points, you can be a merchant with better goods, you can do that in stores, you can do that in clubs, you can do that online,” he said.
With about half of the goods the company carries online coming under the fashion umbrella, Walmart’s continuing digital push is a still-growing competitive threat — or online sales opportunity — for the rest of the apparel industry.
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