Walmart reiterates goal of doubling international gross merchandise in five years [Reuters]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: Reuters
Gross merchandise volume (GMV) measures the total value of all goods sold through a platform or marketplace, which in Walmart's case includes its Cashi digital payments app platform in Mexico and Flipkart marketplace in India. "It is a pretty ambitious target. The markets that we have today have plans to be able to get there," Judith McKenna, Walmart International's CEO, told analysts at a meeting in Fayetteville, Arkansas, near the Bentonville headquarters of the world's largest retailer by sales. The analysts meeting and a press presentation by Walmart CEO Doug McMillon were held on Friday in conjunction with the retailer's annual shareholders meeting in Bentonville. Five years ago, Walmart International generated about $120 billion in GMV. But after it divested its businesses in Brazil, Argentina, Japan and the United Kingdom, the number slipped to $100 billion in the year to Jan. 31, 2023. McKenna in April first announced the expectation of doubling Walmart's foreign GMV.
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WMT
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WMT
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- 4/2/24 - Form 4
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