• The 'backbone' of Walmart's business is fading - but it was likely an inevitable shift for the retail giant

    7 days ago - By Business Insider

    Walmart is opening fewer supercenters than ever before.
    But the shift isn't unexpected, according to analysts and industry experts.
    Walmart's supercenters will play a major role in the retailer's push to fulfill online orders.
    Walmart's iconic supercenter format is going through a slowdown.
    According to Retail Dive , the retail giant planned to open just 15 supercenters this year. And Yahoo Finance reported that Walmart will launch only 10 new supercenters in 2019.
    By Walmart's standards, that's "virtually nothing," according to Morgan Stanley executive director Simeon Gutman.
    "The growth...
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