Walmart turns to goods of at least US$10 to turn its e-commerce around
But the move carries significant risk for the company if bargain hunters reject the new strategy and seek lower-priced merchandise elsewhere
Fri, Feb 09, 2018 - 5:50 AM
Walmart's directive to suppliers marks a shift in strategy. The retailer for years has squeezed them for pennies to drive the lowest prices for shoppers, both online and at its brick-and-mortar stores. This new emphasis comes after the retailer is striving to make its online business more competitive.
WALMART Inc is asking vendors to supply it with more merchandise priced at US$10 and up, as part of a major push to finally turn a profit at its online business, according to four people with knowledge of the matter.
The new focus at the world's largest retailer is on dry...