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Walmart Mexico announces its three strategic priorities for 2021
Date : 01 March 2021
Walmart Mexico (Walmex) recently reported total revenue growth of 8% for 2020 and 5.9% for Q4. Same-store-sales increased by 6.7% for the full year (4.9% in Q4). At its annual Walmex Day event, the business outlined three business priorities for the year 2021 and beyond:
win in discount
Ambition to become the omnichannel market leader
Walmex aims to become the leading omnichannel retailer in Mexico. In the medium-term, it wants omnichannel to reach a double-digit share by 2024.
The pandemic accelerated its digital transformation
The effects of the pandemic have radically changed shopping habits, as people are encouraged to spend more time at home. These conditions have accelerated the adoption of pick-up collection and home delivery services.