Walmart expands into huge new market
Walmart expands and challenges another segment of the retail sector.
Big-box retailers have engaged in fierce competition on a number of retail platforms over the last three years, as they have slashed prices to combat inflation, promoted their beauty lines, and are refining their online offerings.
In May 2024, Walmart began reducing prices on about 7,000 items to encourage higher sales in its stores. Walgreens and AmazonFresh followed Walmart's lead. Each separately said they, too, were lowering prices on thousands of items.
