Walmart (WMT) Grocery Business Losing Share, Memo Says - Recode

May 7, 2021 12:40 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

(Updated - May 7, 2021 12:46 PM EDT)

A leaked memo from Walmart (NYSE: WMT) highlights its struggle to overcome competitors like Amazon (NASDAQ: AMZN), Instacart and Target (NYSE: TGT), according to report from Recode. The document reportedly hints at challenges its subscription services Walmart + is facing retaining new members.

“Grocery, the growth engine of the business, is losing share rapidly,” the report said.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Rumors, Trader Talk