Find in the news:
BY COUNTRY

Walmart sums up 2020 - revenues reach $559 billion



The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.
Walmart - Depositphotos

Walmart sums up the fiscal year 2020, which ended January 29, and reports that its total revenue grew 6.7%, reaching $559 billion. The retailer's closest competitor in the U.S. market, which came in second place in the ranking of major retail players, Amazon reported revenues of $386 billion for the last fiscal year.

Meanwhile, earnings figures for 2020 show a 9.2 percent decline, from $14.88 billion in 2019 to $13.51 billion. In the fourth quarter alone, Walmart reported a loss of $2.09 billion. This figure includes losses from Walmart sales in Japan, the United Kingdom, and Argentina.

One reason for the increase in revenue was that the average check increased significantly, with the average cost per customer transaction up 22% in the fourth quarter alone. Shoppers, staying quarantined, tend to stock up on necessities and groceries and purchase more with each purchase. And one of the fastest-growing segments has been online sales. Walmart's online sales are up 79% year over year, and in the fourth quarter alone, that growth was about 69%. Record figures were also recorded during segments of pickup and delivery.

In response to the retail crisis caused by the pandemic, the company is actively working to improve its shopping experience. Walmart is investing heavily in digital technology to enhance the customer experience. It is also continually improving its logistics system to ensure that it always has the right stock products. The company plans to invest nearly $14 billion in this area through 2021 to improve supply chain efficiency and customer experience.

Photo credit: depositphotos.com.

More about shopping malls in the USA



YESTERDAY, USA:
The center is scheduled to open in the first quarter of next 2021.
YESTERDAY, USA:
The deal was one of the largest ever in the private apparel segment.
Oct 14, 2021, USA:
U.S. company Macerich is changing the rules for short-term rentals.
Oct 14, 2021, USA:
The White House issued a statement warning citizens about possible food supply disruptions.
Oct 13, 2021, France:
No deal of the century: Auchan rejected the purchase of Carrefour
Oct 13, 2021, Turkey:
The exterior of the new Apple Store was designed with the help of Turkish illustrator Murat Palta.
Friend
and Follow
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us