Where Will Walmart Be in 5 Years?
Walmart (NYSE: WMT), the world's largest retailer, has been a surprising success story over the last few years. Written off by much of the market in the first half of the decade as a retail has-been, the company's made smart changes, and today it's one of the rare traditional retailers putting up consistent growth.
Though the company has faced steep competition from Amazon and others, Walmart has responded aggressively under the guidance of CEO Doug McMillon, who took the helm in 2014. Its biggest move was its 2016 acquisition of Jet.com, a deal that brought Jet founder Marc Lore in to run the company's U.S. e-commerce operations. Since then, Walmart has made several other e-commerce acquisitions including Bonobos and Modcloth, though Lore has since said the company is done with such acquisitions and plans instead to build such brands itself.
Image source: Walmart.
Source Fool.com
