Wal-Mart Sees More Spending on E-Commerce, Remodelling

Wal-Mart Sees More Spending on E-Commerce, Remodelling

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Business

University

Hard

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Walmart's shares fell after forecasting flat earnings for the next fiscal year, missing analyst estimates. CEO Doug Mcmillon highlighted investments in wages and store improvements, with a shift away from opening new stores. The company plans to spend $11 billion on e-commerce and store remodeling. Investors are concerned about Walmart's ability to compete with Amazon, as its online sales growth lags behind the market. Recent acquisitions like Jet.com and potential investments in Flipkart aim to boost online presence. The market's reaction was muted, as these challenges were anticipated.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason for Walmart's decision to reduce the number of new store openings?

To expand internationally

To reduce operational costs

To increase the number of employees

To focus on e-commerce and remodel existing stores

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did investors react to Walmart's recent earnings per share (EPS) report?

The stock price dropped slightly

The stock price dropped significantly

The stock price remained stable

The stock price increased significantly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge does Walmart face in its e-commerce sector?

High competition from local retailers

Lack of online presence

Limited product range

Significant operating losses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the growth rate of Walmart's online sales compared to the overall market?

Equal to the market growth

Twice the market growth

Half the market growth

Three times the market growth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What major acquisition did Walmart make to boost its online sales?

Amazon

Jet.com

Alibaba

Flipkart