Walmart Just Made a Very Big Change, and I Think You Should Probably Copy It
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Walmart Just Made a Very Big Change, and I Think You Should Probably Copy It
"Walmart's new CEO, John Furner, started his tenure recently with a cautious message about the U.S. consumer. On the Walmart earnings call, he said households earning under $50,000 have "stretched" wallets and are being more selective about what they buy. That may sound like standard retail commentary. Look closer, and there's a much more useful signal for entrepreneurs and small-business owners."
"Most founders don't get the time they'd like to think strategically. You're dealing with customers, employees, cash flow, and whatever operational surprise popped up today. One useful shortcut is to watch what the biggest companies do when they're operating under maximum scrutiny-analysts, investors, competitors, and journalists all watching every move. When they converge on the same playbook, it's rarely accidental."
John Furner cautioned that U.S. households earning under $50,000 have stretched wallets and are more selective about purchases. Walmart continued strong performance: U.S. same-store sales rose 4.6% for the quarter ending Jan. 31, and U.S. online sales jumped 27%, marking a 15th straight quarter of double-digit e-commerce growth. Major retailers are increasingly adopting similar strategies under investor and competitive scrutiny, often following Amazon's lead. Entrepreneurs and small-business owners can use these visible, high-scrutiny moves as signals to adjust product mix, pricing, value propositions, and online channels to meet shifting consumer budgets and capture demand.
Read at Inc
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