What's Going On With Walmart Stock Thursday?
Portfolio Pulse from Ryan Gustafson
Walmart opened a 2.2 million-square-foot high tech fulfillment center in Indianapolis, expected to increase Walmart.com order fulfillment capacity and enable the retailer to reach 95% of the U.S. population. Walmart also announced a partnership with NBCUniversal to test live sports streaming advertising on Walmart's retail media network.
June 15, 2023 | 7:08 pm
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Walmart's new high tech fulfillment center and partnership with NBCUniversal are expected to increase order fulfillment capacity and expand advertising reach.
The new fulfillment center will increase Walmart.com's order fulfillment capacity, enabling the retailer to reach 95% of the U.S. population. This will likely lead to increased sales and revenue. The partnership with NBCUniversal will expand Walmart's advertising reach, potentially attracting more customers and increasing brand visibility.
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IMPORTANCE 80
RELEVANCE 100