Honest question: how does Walmart top Fortune 500 list each year?

May 30, 2019 30 Comments

Like we’ve all been to a Walmart, they’re pretty awful (sometimes). There’s a whole subreddit dedicated to the people of Walmart and it is a sight to behold...

How does this conglomerate continuously beat out big oil, big tech, finance/insurance firms when in reality it’s product (the damn store itself), suck so bad?

Honest question..

Tagged Google because y’all are smart

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TOP 30 Comments
  • New
    Uoseidon

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    Uoseidonmore
    Their supply chain management tech is far better than any competitors, Walmart has some good tech.
    May 30, 2019 7
    • New
      BoschLtd

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      BoschLtdmore
      Not arguing but would you point me the literature? Would be interested in reading it.
      May 30, 2019
    • New
      Uoseidon

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      Uoseidonmore
      It has been so long and I don’t quite remember which books now, but one I can remember is “the everything store” by Jeff Bezos
      May 30, 2019
  • Google FatJimKirk
    Umm it's called a "balance sheet". Walmart produces one every quarter because it's a publicly traded company. Just read it to understand their financials. Basically, a ton of people who aren't like you or anyone else on Blind buy their stuff at Walmart.
    May 30, 2019 2
    • Northrop Grumman HowCouldYu
      OP
      Having this feeling that I was just owned but can’t tell
      May 30, 2019
    • Google FatJimKirk
      Maybe. These sorts of questions are actually reasonable and digging for answers in financial statements ("why is this stock so expensive?" "Why is this company's revenue so high", etc.) is actually a reasonable way to go about investing. You could start by reading Benjamin Graham if you find this stuff interesting.
      May 30, 2019
  • The list is by revenue. The revenue is high, because they resell stuff.
    May 30, 2019 0
  • New
    Uoseidon

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    Uoseidonmore
    Running Walmart is like running a country because it has to deal with far more diverse issues; running a tech company is like running an university, not easy but much manageable
    May 30, 2019 4
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      BoschLtd

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      Arguably Bosch employs more engineers than mfg associates. If you own a car, guaranteed that there is something made by Bosch inside it.
      May 30, 2019
    • New
      Uoseidon

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      Ya, challenging engineering problems, definitely not something can be solved by a few engineers working in their garage.
      May 30, 2019
  • Salesforce benimeoff
    They also have one of the best distribution and warehouse setups in the world. This allows them to basically name their price to manufacturers and in turn get the lowest price available for a lot of products. If they get their website pulled together they are easily positioned to take on Amazon as they are far ahead of amazon in distribution of large amounts of products.
    May 30, 2019 2
    • Northrop Grumman HowCouldYu
      OP
      Hmm gunna have to call BS there. Please cite the source to where Walmart can take on Amazon... amazon’s infrastructure in regards to delivery is years ahead of Walmart. Sure Walmart’s distribution to warehouses is phenomenal, but not to residential... also you do realize Jeff Bezos just broke ground on their air hub in Kentucky? Literally to compete with UPS/Fedex. Walmart has none of this
      May 30, 2019
    • Salesforce benimeoff
      Here is one of a ton of similar articles if you google about walmart’s stock- https://www.cnn.com/2018/10/19/business/walmart-stores-grocery-pickup-amazon/index.html. You are correct that walmart is behind in getting a package to a consumers door, but it has the network to get a package to a walmart and 90% of people live within 10 miles of a walmart. This gives them a ‘chance’ that basically no other retailer has, to solve digital and go the extra 10 miles... It also gives them ‘pickup in store’ more efficiently then anybody else, Amazon basically bought whole foods trying to build that out and there are way less whole foods compared to walmart.
      May 30, 2019
  • Walmart.com / Eng
    AZBY000

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    AZBY000more
    EDLP = every day low prices. Serving people what they want and need.
    May 30, 2019 1
    • Intel D’s🥜
      You guys really need to sell weed. 80% of your client base would just pick up that one extra high-margin item.
      May 30, 2019
  • Walmart.com
    mrwm

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    mrwmmore
    Employs 2 million ppl, 460billion $ revenue. Wage change in WM can pretty much influence how people vote in elections. Sundar Pichair and Satya Nadella often come down to Bentonville to meet WM CEO. Bentonville is a place in the middle of nowhere. 90% US population lives within 10 miles of WM.
    May 30, 2019 0
  • New
    Uoseidon

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    It’s much harder to run Walmart than Google, if Walmart is a country by itself, it would be ranked high as a top importer globally
    May 30, 2019 0
  • Walmart.com / Eng QXHR44
    Speaking to the subreddit of the people who shop at Walmart and their trashy culture, that's because of the amount of Walmarts in the rust belt, bible belt, deep south, midwest, whatever you wanna call it. I'm sure Amazon shoppers are just as trashy, we just don't see them.

    Walmart's strength is in its huge network of stores that are available where other retailers avoid. That's not to mention the 20+ kinds of walmarts out there. There's small liquor store-like walmarts believe it or not, Walmart Neighborhood Grocery, Walmart Super Centers, Walmart Outlets, Sam's Club wholesale, auto shops, Jet.com, Flipkart in India, ASDA in Europe, Walmart Pharmacy, the list goes on.

    Walmart also has the money and resources to eventually catch up to Amazon in the e-commerce business. They also have their own streaming portion, with VUDU, carrying the largest catalog of movies compared to all the other streaming companies out there. I believe VUDU also holds record for supporting the most devices.

    Walmart just happens to be underestimated and overlooked because they're not seen as a "tech" company, like the companies in the FAANG club. It's also worth mentioning that theyre the 3rd largest employer in the world, at around 3 million, right behind the Chinese military and the American military.

    Walmart's like the Microsoft of retail... they used to be big at one point... and now they're somewhat late in the process of adapting to the new technologies. One business they lack is in the cloud. It's a little late to break into the AWS dominated market.
    Jun 22, 2019 0
  • Walmart.com Wone
    The supply chain optimization software is from IBM.
    Jun 2, 2019 0

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