Wednesday, June 20, 2012

Walmart Vision about The Future of e-Commerce

@WalmartLabs, based in the heart of Silicon Valley, is a business unit of Wal-Mart Stores, Inc. (NYSE: WMT)  and creates platforms and products around social and mobile commerce to support Walmart’s global strategy of anytime, anywhere access where millions of customers can discover, research and shop through mobile devices, online or at physical stores. Walmart has over 10.000 stores in 27 countries and  generates more than $400 billion in annual revenue. The company is the sixth-largest Internet retailer, behind Amazon.com Inc, Staples Inc, Apple Inc, Dell Inc and Office Depot Inc, according to industry publication Internet Retailer.
The rules for retail has changed dramatically. Walmart took 50 year to hit 200 million customer visits, while Facebook took 8 years to hit 900 million users.  With the digishift customers have become their own merchants with access to every product and with total transparency.  

Check out the new video below to get some hints about Walmart's future plans.


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