In 2017, Walmart proved it's still the undisputed king of retail
AP/Gunnar Rathbun
- Walmart kicked its e-commerce initiatives into high gear in 2017.
- It has maintained its dominance in brick and mortar while becoming a real competitor online.
- For those reasons, we're saying it's the most impressive retailer of 2017.
Walmart entered 2017 as something of an underdog.
It's a position the retail giant is not used to finding itself in. After all, how can a company with nearly $500 billion in annual revenue ever be considered anything but the incumbent?
But analysts, consumers, and pundits all realize that online shopping - an area where Amazon dominates - is the future. And this year, Walmart proved it knows that too.
In 2017, Walmart moved quickly. By the end, it's easy to call it Amazon's most worthy competitor and biggest adversary.
The retailer launched more online initiatives than can be quickly summarized. It partnered with Google on voice shopping, opened its thousandth grocery pickup location, took advantage of its huge footprint of stores for easy online returns, introduced free two-day shipping with every $35 order, and even launched a pilot program to deliver fresh groceries right into customers' refrigerators.
Recent acquisitions, like the 2016 purchase of Jet.com for $3.3 billion, started to pay off as it became more clear how they would fit into Walmart's strategy. These initiatives were good for 40 to 50% e-commerce growth by the end of the year - a staggering percentage for a retailer of Walmart's size, though it does not break out individual numbers for online sales.
But online isn't the only place where Walmart improved. Cleaner stores, a more robust grocery offering, and, of course, low prices lured more customers to stores for 12 quarters straight.
Wall Street has taken notice. It's one of the top five performing stocks this year in the Dow Jones Industrial Average, according to Bloomberg, and the stock is up about 43% from a year ago. Of 36 analysts, 15 say to buy and 21 have a hold rating or equivalent. Its last remaining sell-equivalent rating, from Wolfe Research, was upgraded in December.
In 2017, Walmart proved it can compete in a new era. That's why we're calling it the Retailer of the Year for 2017.
The sleeping giant has awakened - and there's no stopping it now.
The Future of Retail 2018 by the BI Intelligence Research Team.
Get the Slide Deck Now »
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market