As stores crash over numbers, it seems that Walmart finds a way to stay on top. Consumers continue to flock to the megastore for their food.
It was announced Thursday that the store’s food sales have skyrocketed! The numbers are the highest they’ve been with in five years.
With shopping being available instore and online, there’s no wonder as to why they are seeing big numbers in sales. Adding more organic items to the store has been a big help, as well.
Currently, the store chain is testing delivery service for the groceries in New York. They are trying to compete with Amazon.com.
The president and chief executive of Walmart, Doug McMillon, had news to give reporters on Thursday. He told reporters that they are seeing great results from people doing their grocery shopping online.
With that being said, Walmart plans to keep expanding their markets on a global level.
At the beginning of the year, Walmart came out with their own cantaloupe. They claim that the sweetness of the fruit can be lasts from summer to winter. A spokeswoman for the company says that they play to develop a new tomato that is more flavorful.
Also, for Walmart, most of their revenue comes from food sales. They rack in close to $200 billion in groceries sales per year. Kroger, on the other hand, is the nations second largest supermarket chain. They were able to bring in $115.3 billion during the last fiscal year.
As of recent, Walmart hires the most employees within the U.S. Be that as it may, they are striving to make more significant presence on the world wide web. For instance, the website currently offers over 67 million products.
Reps for the company say that their ultimate goal is to make access to their stores easier for the everyday family. In order to do so, they have to continue to grow and transform.