Walmart invests in fulfilment, reports strong financials

US retail corporation, Walmart, is committed to rapid online delivery and pickup.

It has opened its first Market Fulfillment Center (MFC) in Arkansas in a bid to expand the use of its stores.

Fulfilment through digitisation and connecting the store to supply chain assets end-to-end will, according to Walmart, will transform operations.

The MFC utilises a proprietary storage and retrieval system which, according to Store Manager, Ryan Simpson, will enhance the customer experience with more accurate online fulfilment and also provide a runway to continue growing the business.

In related news, Walmart released its Q1 financial results.

Total revenue for the corporation was up 7.6 per cent at $152.3 billion USD, with operating income growing faster at 17.3 per cent at $0.9 billion USD.

Walmart US E-commerce growth was 27 per cent which was led by pickup and delivery.

“We had a strong quarter,” said Walmart President and CEO, Doug McMillon. “We leveraged expenses, expanded operating margin, and grew profit ahead of sales. And a big thank you to our associates, who continue to step up and deliver for customers and members whenever and however they want to be served.”

In other news, trailer builders in the US are reporting soft demand for 2024.


Send this to a friend