By Nate Delesline III
Source: Retail Dive

Even as consumers continue feeling pressured by inflation and the economic environment, Walmart has been able to sustain solid financial performance. In 2023, the retailer reported a 6.7% rise in total revenue to $611.3 billion.

Still, the company is trying to stay ahead of – or at least keep up – with industry changes and shifting consumer expectations. Walmart began this year with several major business announcements. The new initiatives are centered around employee compensation, expanding its physical store footprint and introducing new consumer-facing technologies.

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