As Walmart is conceding lower expected revenues this year, along with what appears to be a challenging holiday shopping season, it is moving to boost investment
Walmart CFO Charles Holley said the world’s largest retailer needs to rethink its strategy.
“Our business and customers continue to evolve and so will the way we deploy capital,” said Holley, according to a report in Internet Retailer. “We will invest more heavily in e-commerce initiatives, while temporarily moderating our global physical growth, particularly larger stores. We are focused on creating an endless aisle and appealing to our customers’ changing needs.”