Walmart Inc. in light of COVID-19 pandemic: the financial assessment
DOI:
https://doi.org/10.24136/cxy.2022.002Keywords:
Walmart Inc., finance, retail, sales, COVID-19Abstract
Motivation: The pandemic's trajectory is challenging to be forecast. The COVID-19 pandemic modifications can cause the growth of infected people. Furthermore, the defined financial activity resulting from additional lockdowns may have a meaningful contrary impact on aggregate demand. The paper can motivate further study and examination in the field of financial indicators of the Walmart Inc. and other inspiring research.
Aim: The research regards the selected Walmart's financial indicators during the COVID-19 pandemic. The aim of the paper is the assessment of the financial situation of the Walmart Inc. as an American multinational retail corporation in light of COVID-19.
Materials and methods: The paper is using of statistical, dynamics, comparative, documentation analysis.
Results: The discussion shows that the multinational corporation within the retail sector succeeded in the research period. Walmart implemented the suitable mechanisms, solutions, and actions that mitigated the impact of the COVID-19 pandemic and, in consequence, positioned the world pioneer in multinational corporation retail in the leading rank against the rest of the entities competing in that diversified market.
Downloads
References
Boukarroum, A. (2022). Walmart?s ecommerce sales: outlook. Retrieved 15.06.2022 from https://www.practicalecommerce.com/charts-walmarts-ecommerce-sales-outlook.
Britannica. (2022). Walmart: American company. Retrieved 12.06.2022 from https://www.britannica.com/topic/Walmart.
Businees Quant. (2022). Walmart?s revenue by segment (2017?2022). Retrieved 09.06.2022 from https://businessquant.com/walmart-revenue-by-segment.
CNN Business. (2022). Walmart Inc. Retrieved 06.06.2022 from https://money.cnn.com/quote/profile/profile.html?symb=WMT.
Corkery, M. (2022). Walmart profits drop, dragged down by higher costs for food and fuel. Retrieved 07.06.2022 from https://www.nytimes.com/2022/05/17/business/walmart-earnings-inflation.html.
E-Commerce Revenue Analytics. (2022). Walmart.com. Retrieved 05.05.2022 from https://ecommercedb.com/en/store/walmart.com.
Emory Libraries & Information Technology. (2022). This day in business history: the first Walmart opens. Retrieved 16.05.2022 from https://scholarblogs.emory.edu/gbsl/tdibh-first-walmart-opens/?utm_source=rss&utm_medium=rss&utm_campaign=tdibh-first-walmart-opens.
Fortune. (2022). Walmart: key financials. Retrieved 23.06.2022 from https://fortune.com/company/walmart.
Gadenne, D. (1998). Critical success factors for small business: an inter-industry comparison. International Small Business Journal, 17(1), 36?56. https://doi.org/10.1177/0266242698171002.
Ghosh, B.C., & Kwan, W. (1996). An analysis of key success factors of SMEs: a comparative study of Singapore/Malaysia and Australia/New Zealand. In The 41st ICSB World Conference Proceedings I (pp. 215?252). ICSB.
Indarti, N., & Langenberg, M. (2004). Factors affecting business success among SMEs: empirical evidences from Indonesia. In Proceedings of the Second Bi-Annual European Summer University (pp. 1?14). University of Twente.
Islam, M.A., Mian, E.A., & Ali, M.H. (2009). Factors affecting business success of small and medium enterprises (SMEs) in Bangladesh. Business Review, 4(2), 123?138. https://doi.org/10.54784/1990-6587.1336.
Kauranen, I. (1996). The start-up characteristics of a new entrepreneurial firm as determinants of the future success of the firms in the short term and in the long term. Journal of Enterprising Culture, 4(4), 363?383.
Macrotrends. (2022). Walmart revenue 2010?2022. Retrieved 13.06.2022 from https://www.macrotrends.net/stocks/charts/WMT/walmart/revenue.
Market.us. (2022). Walmart. Retrieved 24.06.2022 from https://market.us/statistics/e-commerce-websites/walmart.
Marketplace Pulse. (2022). Walmart US e-commerce sales growth. Retrieved 06.06.2022 from https://www.marketplacepulse.com/stats/walmart/walmart-us-e-commerce-sales-growth-116.
Naidu, R., & Kaye, D. (2022). Walmart temporarily shut nearly 60 U.S. stores for COVID cleaning in December. Retrieved 08.06.2022 from https://www.reuters.com/business/walmart-temporarily-shut-nearly-60-us-stores-covid-cleaning-december-2022-01-03.
Nasdaq. (2021). Walmart (WMT) ups guidance on Q2 earnings & revenue beat. Retrieved 03.06.2022 from https://www.nasdaq.com/articles/walmart-wmt-ups-guidance-on-q2-earnings-revenue-beat-2021-08-17.
New World Encyclopedia. (2022). Wal-Mart. Retrieved 01.06.2022 from https://www.newworldencyclopedia.org/entry/Wal-Mart.
Perri, J. (2022). Two years into the pandemic, consumer spending still growing at Costco and Sam?s Club. Retrieved 19.06.2022 from https://secondmeasure.com/datapoints/consumer-spending-wholesale-clubs-costco-sams-club-bjs.
Pratap, A. (2022). Walmart?s costs and expenses in fiscal 2019, 2020 and 2021. Retrieved 06.06.2022 from https://statstic.com/walmarts-costs-and-expenses-in-fiscal-2019-2020-and-2021.
Redman, R. (2022). Walmart turns in strong U.S. performance for fiscal 2022. Retrieved 15.06.2022 from https://www.supermarketnews.com/retail-financial/walmart-turns-strong-us-performance-fiscal-2022.
Repko, M. (2021). Why an emboldened Walmart is looking to beyond retail for future growth. Retrieved 07.06.2022 from https://www.cnbc.com/2021/02/18/why-an-emboldened-walmart-is-looking-to-beyond-retail-for-future-growth.html.
Russell, Z. (2022). Walmart reports increased sales, growth for Sam?s Club in latest results. Retrieved 14.06.2022 from https://storebrands.com/walmart-reports-increased-sales-growth-sams-club-latest-results.
Segal, E. (2021). How Walmart is responding to Covid-related challenges. Retrieved 05.05.2022 from https://www.forbes.com/sites/edwardsegal/2021/09/01/how-covid-repeatedly-put-walmart-to-the-test/?sh=1b2ff58617bd.
Statista. (2022). Comparable sales growth of Walmart U.S. in the United States from fiscal year 2006 to 2022. Retrieved 05.06.2022 from https://www.statista.com/statistics/269412/sales-growth-of-walmart-in-the-us.
Stidham, K. (2022). Sam?s Club CEO Kath McLay on strategies for member-driven growth. Retrieved 16.06.2022 from https://www.mytotalretail.com/article/sams-club-ceo-kath-mclay-on-strategies-for-member-driven-growth.
Stock Analysis. (2022). Walmart. Retrieved 11.06.2022 from https://www.stock-analysis-on.net/NYSE/Company/Walmart-Inc/Ratios/Profitability.
Storey, D.J. (2016). Understanding the small business sector. Routledge. https://doi.org/10.4324/9781315544335.
The Wall Street Journal. (2022). Walmart. Retrieved 04.06.2022 from https://www.wsj.com/market-data/quotes/WMT/financials/annual/income-statement.
U.S. Chamber of Commerce Foundation. (2022). Walmart: coronavirus (COVID-19) response. Retrieved 26.05.2022 from https://www.uschamberfoundation.org/aid-event/corporate-aid-tracker-covid-19-business-action/walmart-coronavirus-covid-19-response.
Visnji, M. (2019). How Walmart makes money: understanding Walmart business model. Retrieved 22.06.2022 from https://revenuesandprofits.com/how-walmart-makes-money-understanding-walmart-business-model.
Walmart. (2022). About. Retrieved 19.05.2022 from https://corporate.walmart.com/about.
Westhead, P. (1995). Survival and employment growth contrasts between types of owner-managed high-technology firms. Entrepreneurship Theory and Practice, 20(1), 5?28. https://doi.org/10.1177/104225879502000101.
Wijewardena, H., & Cooray, S. (1996). Factors contributing to the growth of small manufacturing firms: perceptions on Japanese owner/managers. Journal of Enterprising Culture, 4(4), 351?361. https://doi.org/10.1142/S0218495896000204.
Yusuf, A. (1995). Critical success factors for small business: perceptions of South Pacific entrepreneurs. Journal of Small Business Management, 33(2), 68?73.
Zacks. (2022). Walmart. Retrieved 21.05.2022 from https://www.zacks.com/stock/chart/WMT/fundamental/gross-profit-ttm.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Catallaxy
This work is licensed under a Creative Commons Attribution 4.0 International License.
