Walmart (WMT) Grocery Business Losing Share, Memo Says - Recode
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 StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) MoneyCard, Issued by Green Dot Bank (GDOT), Now Offered as Demand Deposit Accounts with Enhanced Digital Banking Tools and Features for Customers
- Nikola (NKLA) Gains Mid-Day
- Fulcrum Therapeutics (FULC) PT Raised to 'Street High' $39 at Stifel
Create E-mail Alert Related CategoriesRumors, Trader Talk
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!