You are here


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

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.

New York

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to