WALMART RANKED NO.8 INNOVATIVE COMPANY IN ENERGY SECTOR
Walmart, the largest retailer in the world by
revenue, is the behemoth of big-box stores. With more than 4,700 locations in
the U.S. alone—not to mention over 600 outlets of its wholesale subsidiary
Sam’s Club—Walmart dominates brick-and-mortar like no other. In recent years,
the Bentonville, Arkansas-based company has also flexed its muscles in the
digital retail space, making significant investments in e-commerce services,
fulfillment centers, and technology initiatives. In 2016, Walmart
acquired Jet.com,
a fast-growing Amazon competitor, for $3 billion. It marked the beginning of an
M&A spree (resulting in purchases of everything from Shoebuy.com to
Moosejaw, Bonobos, ModCloth, and Parcel), further building out Walmart's reach
in footwear, outdoor gear, private-label fashion, and same-day delivery
services. Because of its ubiquity across America, Walmart's decision in 2018 to
expand EV chargers in its parking lots will help expand access to charging
points beyond the coastal cities where they are now mostly clustered. The
retail giant will now have 1,000 fast chargers at locations in 36 states, which
will deliver 20 miles of range per minute of charging.
www.fastcompany.com
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