In today’s world, physical distance is closing due to great expansion of social spheres and information technology in shape of internet converged communication to a handset. Now demographics is even less of a hindrance. Openness on web, online communities, product presented even better, enhanced security with convenience build trust together with financial management. World is shaped, changing trends, as a close sphere and to the real-time communicative activities of people. Online presence is not an added requirement it is the only requirement left for Giants to cuddle down their cost and meet competitive challenges faced with online commerce and marketing.
With these changing trends Walmart portfolio management sharpened to fosters the idea of a conglomerate and compete the global marketeer in shape of online commerce and business (ebay and amazon). Company exits Walmart Express pilot as part of closing 269 stores globally; Walmart announced that it was shutting down 269 stores and laying off thousands of employees. This will affect more than 16,000 employees, including 10,000 in the US. Impacted associates to receive assistance.
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