CURRENT AFFAIRS

Detailed explanation-1: -Walmart engages in both the retail and wholesale business, selling an assortment of merchandise and services worldwide at stores and online at everyday low prices.

Detailed explanation-2: -The latest data from the National Retail Federation shows that Walmart continues to lead as the top US retailer. In 2021, the company brought in retail sales of $459.51 billion in the US-a 6.6 percent year-over-year increase.

Detailed explanation-3: -An emphasis on customer attention (e.g., direct mail advertising), cost controls (e.g., low-cost imports), and efficiencies in its distribution networks (e.g., regional warehousing) helped Wal-Mart become the largest retailer in the United States in 1990.

Detailed explanation-4: -In The Battle for Consumer Retail Spend: Amazon Versus Walmart Q2 2022, PYMNTS finds Amazon leading Walmart in both overall consumer and retail spend, a lead Amazon first captured in Q3 2020 earlier in the pandemic.