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Industry News

Revenues rise as Walmart improves stores, service

Walmart reports that its first-quarter U.S. revenues rose by 4.1 percent, and that same-store sales increased by 2.1 percent. The company attributes the boost to higher customer traffic and spending and to growth in its grocery business, The Wall Street Journal reports.

Walmart has been upgrading its lighting, expanding its deli offerings and making its bakery departments easier to navigate. Meanwhile, the company has reduced inventory levels for 12 straight quarters, further boosting profit margins, the newspaper reports. Walmart also says that it expects to expand grocery delivery service to cover some 40 percent of the U.S. population by the end of this year.

By Edmund Mander

Director, Editor-In-Chief/SCT

Related Topics:

  • retail & retailers

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