Is Wal-Mart a traditional retail enterprise?

Wal-Mart has become the world's largest company for seven consecutive years because it is the world's largest retailer and employer, and its annual income ranks first in the world. According to the latest Fortune magazine, Wal-Mart earned 3.56 trillion RMB in 20 19. In addition, it also said that the world's largest employer company has more than 2.2 million employees worldwide, which is three times that of Foxconn, the foundry, and its enterprise scale ranks first in the world.

Wal-Mart has been established for more than 50 years. Its headquarters is located in Arkansas, USA. Wal-Mart has several brands, including Wal-Mart Store and Sam Member Store. According to Wal-Mart, more than 200 million customers visit Wal-Mart stores every week, and it has more than 65,438 438+ 10/00000 stores worldwide, making it the largest retailer in the world.

Wal-Mart entered China in 1990s, and opened the first Wal-Mart supermarket and Sam member store in Shenzhen. Up to now, it has been more than 20 years. At present, Wal-Mart has opened more than 300 shopping malls all over the country and established close relations with local suppliers. More than 90% of the products sold are local products, serving more than 7 billion people in China market and employing more than 654.38 million employees in China.

With the changes in the retail industry, e-commerce has become the biggest competitor. Wal-Mart has also successfully transformed. In the second quarter of 2020, Wal-Mart announced that its e-commerce sales in the US market exceeded 90%, and the sales of offline stores also increased by 9%, making it the fastest growing quarter. Its revenue also increased by 5%, reaching $654.38+037.74 billion, and its profit increased by 70%. Wal-Mart has completely become a successful retailer like Amazon. Different from other offline retailers, Wal-Mart, as a traditional retail enterprise, has not been affected by e-commerce, but has made positive transformation and achieved success.