Walmart announced last week it will invest nearly $14 billion on capital improvements, including enhancements to its omnichannel. The retail giant posted online sales gains of almost 70 percent in Q4, and is trying to position itself as the go-to destination for online shopping in a marketplace where Amazon’s fulfillment standards have set the terms.
“We weren’t the first place you go when it’s time to buy products online,” CEO Doug McMillon told investors. “We’re trying to change that obviously.” The investment will target Walmart’s supply chains and increased automation.
