Part 5/7:
In the U.S., Walmart reported a comp growth of 3.4%, driven in part by a 1.2% increase in store traffic and a 2.2% rise in average ticket prices—outpacing inflation. This suggests that Walmart is managing to implement pricing strategies effectively, something rarely expected to see from a company in their position during tough economic climates.
Greer and Cross discussed two areas that are witnessing significant growth: toys and groceries. Following the bankruptcy of Toys R Us, Walmart has benefited in the toy market, while major advancements in their grocery delivery capabilities are also promising. By the end of the year, Walmart expects to be able to deliver groceries to 40% of the U.S. population, responding to consumer demands for convenience.