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

May 7, 2021 12:40 PM EDT

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(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.



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