Convenience and value: Walmart believes a simple message focused on both convenience and value should serve it well for any economic environment, Rainey said.
- “If the consumer is going to continue to be pressured with less disposable income, we think our value proposition resonates,” he said. “On the other hand, if we get into a better economy that has more growth behind it, a lot of what we're doing really plays to that importance around convenience...”
- For instance, the retailer has roughly tripled its delivery from store volume over the past two years.
The big takeaway: Not only is Walmart well-positioned to weather the current economic uncertainty, it is making the strategic investments necessary to emerge stronger than it was before the pandemic.
Go further: For more on Walmart’s growth prospects, check out our Power of Walmart report.
This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing—a daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.