"But there's another realm of experience that Guggina does have in spades: e-commerce, automation, and supply chain. And by putting him atop the division that generates 69% of company revenue, Walmart is signaling that it now sees itself as a tech company, as well as a retailer. Guggina has spent eight years at Walmart, after nine years at arch-rival Amazon.com."
"In the last decade, after years of fits and starts, Walmart has emerged as a formidable e-commerce player, with U.S. digital sales of almost $100 billion a year-still far behind Amazon, but well ahead of any other U.S. retailer. In its most recent quarter, Walmart's U.S. e-commerce rose 27%. That has been the result of billions in investments to integrate Walmart's 4,600 stores with its e-commerce operations."
Walmart appointed David Guggina as CEO of its nearly $500 billion U.S. division, despite his lack of store and merchandising experience. Guggina's background centers on e-commerce, automation, and supply chain, including eight years at Walmart and nine at Amazon. Walmart emphasized his work building delivery capabilities to serve 95% of U.S. households in under three hours. The U.S. division generates 69% of company revenue. U.S. digital sales approach $100 billion annually and rose 27% in the most recent quarter. Walmart invested billions to integrate its 4,600 stores with e-commerce, improving shipping, inventory management, supply chain, and in-store customer service. John Furner will become Walmart Inc's CEO next week.
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