Let’s face facts: Walmart (NYSE: WMT) isn’t just the leader in the brick-and-mortar retailing arena — it dominates the space. The company generated $560 billion in worldwide revenue last year, and the $370 billion share of that total that is produced in the United States dwarfs the top lines of its next-nearest rivals.
Costco has done $178 billion worth of business worldwide in the past 12 months; Target‘s done $93 billion. Walmart even remains more than twice as big as Amazon‘s online-retailing operation, which sold $216 billion worth of physical goods in 2020.
The company is also on the right strategic track, morphing from being a mere retailer into a full-blown lifestyle company. Subscription-based delivery service, health clinics, premium alcohol brands, and a beta test of service teams to do in-home installations of tech products are just some of the previously unlikely ways Walmart is now widening its net.