Walmart CFO: Sales will increase by more than 6% in 2021!

It is learned that according to foreign media reports, Walmart Chief Financial Officer Brett Biggs recently said that Walmart's sales in 2021 will increase by more than 6% compared to 2020.

Brett Biggs added that Walmart's sales are expected to grow mainly due to the following aspects:

First, consumers spend more on daily necessities such as food and groceries;

Second, it provides consumers with the option of installment payment to ease financial pressure;

3. Walmart’s inventory level increased by 11.5% year-on-year, which can ensure sufficient goods to a certain extent.

4. Walmart uses its own private ships and other resources to transport goods for other retailers.

5. The higher inflation level in the United States may benefit large supermarkets such as Walmart because other small businesses will raise product prices.

It is learned that in the context of severe supply chain problems and commodity shortages in the United States, Walmart still has significant advantages in supply, delivery and price compared with other retailers, especially small businesses.

Editor ✎ Nicole/

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