WALMART

From our humble beginnings as a small discount retailer in Rogers, Ark., Walmart has opened
thousands of stores in the U.S. and expanded internationally. Through innovation, we're
creating a seamless experience to let customers shop anytime and anywhere online and in stores.
We are creating opportunities and bringing value to customers and communities around the
globe. Walmart operates approximately 10,500 stores and clubs under 46 banners in 24
countries and eCommerce websites. We employ 2.3 million associates around the world —
nearly 1.6 million in the U.S. alone.

Walmart U.S.

Every Day Low Prices on a Broad Assortment - Anytime, Anywhere

Every Day Low Price (EDLP) is the cornerstone of our strategy, and our price focus has never
been stronger. Today's customer seeks the convenience of one-stop shopping that we offer.
From grocery and entertainment to sporting goods and crafts, we provide the deep assortment
that our customers appreciate — whether they're shopping online at Walmart.com, through one
of our mobile apps or shopping in a store. We currently operate three primary store formats in
the U.S., each custom tailored to its neighborhood.
Working at Walmart

A job at Walmart means an opportunity to build a career. More than 75% of our Walmart U.S.
store operations management team members started as hourly employees, and in FY2021, we
promoted more than 300,000 U.S. associates to jobs of greater responsibility and higher pay.
The average hourly wage for full- and part-time U.S. hourly associates at the end of FY2021
was more than $15.00 per hour. In 2020, we hired more than 500,000 new associates globally,
many of which were displaced from jobs due to the impacts of COVID-19. Learn more about
the opportunities and benefits we offer.

Stores Tailored to Our Customers

Walmart has stores in 50 states and Puerto Rico offering low prices on the broadest assortment
of products through a variety of formats including the Supercenter, Discount Store and
Neighborhood Market. Learn more about our locations:

Walmart Supercenter

Walmart began building Supercenters in 1988 and are around 182,000 square feet employing
about 300 associates. Walmart Supercenters offer a one-stop shopping experience by
combining a grocery store with fresh produce, bakery, deli and dairy products with electronics,
apparel, toys and home furnishings. Most Supercenters are open 24 hours, and may also include
specialty shops such as banks, hair and nail salons, restaurants, or vision centers.

Walmart Discount Store

Since Sam Walton opened his first discount store in Rogers, Ark., in 1962, we've built hundreds
across the U.S. Smaller than a Supercenter, discount stores employ about 200 associates and
offer electronics, apparel, toys, home furnishings, health and beauty aids, hardware and more
in about 106,000 square feet of open, brightly lit space.
Walmart Neighborhood Market

Walmart Neighborhood Markets were designed in 1998 as a smaller-footprint option for

communities in need of a pharmacy, affordable groceries and merchandise. Each one is
approximately 38,000 square feet and employs up to 95 associates. Walmart Neighborhood
Markets offer fresh produce, meat and dairy products, bakery and deli items, household
supplies, health and beauty aids and a pharmacy.

Source:
https://corporate.walmart.com/about

Where Walmart, Amazon and Target are

spending billions in a slowing economy
KEY POINTS

• Spending by big retailers including Walmart and Target is way up this year, despite big
earnings declines.
• Technology spending is a top priority, while other costs are more likely to be cut.
• Store refreshes are a focus for some brands as new investments reflect changes in how
customers shop.
• With expectations for sluggish consumer income to rebound in 2023, future market
share is on the line.

When the economy slows down, the classic response for consumer businesses is to cut
back: slow hiring, maybe lay off workers, slash marketing, or even slow the pace of technology
investment, delaying projects until after business has picked up again.

But that’s not at all what America’s troubled retail sector is doing this year.

With the S&P Retail Index down nearly 30% this year, most of the industry is boosting
investment in capital spending by double digits, including industry leaders Walmart and
Amazon.com. Among the top tier, only struggling clothier Gap is cutting back significantly.
At home-improvement chain Lowe’s, capital spending declined through the first six months of
the year compared to fiscal 2021, from $846 million to $687 million, but the company has
maintained its guidance for spending of $2 billion in fiscal 2022. In fiscal 2021, the company
spent approximately $1.9 billion.
At electronics retailer Best Buy, first-half profits fell by more than half – but investment rose
37 percent.

“There is definitely concern and awareness about costs, but there is a prioritization
happening,” said Thomas O’Connor, vice president of supply chain-consumer retail research
at consulting firm Gartner. “A lesson has been taken from the aftermath of the financial crisis,”
O’Connor said.

That lesson? Investments made by big-spending leaders like Walmart, Amazon and
Home Depot are likely to result in taking customers from weaker rivals next year, when
consumer discretionary cash flow is forecast to rebound from a year-long 2022 drought and
revive shopping after spending on goods actually shrank early this year.

After the 2007-2009 downturn, 60 companies Gartner classified as “efficient growth

companies” that invested through the crisis saw earnings double between 2009 and 2015,
while other companies’ profits barely changed, according to a 2019 report on 1,200 U.S. and
European firms.

Companies have taken that data to heart, with a recent Gartner survey of finance
executives across industries showing that investments in technology and workforce
development are the last expenses companies plan to cut as the economy struggles to keep
recent inflation from causing a new recession. Budgets for mergers, environmental
sustainability plans and even product innovation are taking a back seat, the Gartner data shows.
 Today, some retailers are improving how supply chains work between the stores and
their suppliers. That’s a focus at Home Depot, for example. Others, like Walmart, are driving
to improve in-store operations so that shelves are restocked more quickly and fewer sales are
lost.

The trend toward more investment has been building for a decade, but was catalyzed
by the Covid pandemic, Progressive Policy Institute economist Michael Mandel said. “Even
before the pandemic, retailers were shifting from investments in structures to active
investments in equipment, technology and software,” Mandel said. ”[Between 2010 and 2020],
software investment in the retail sector rose by 123%, compared to a 16% gain in
manufacturing.”

At Walmart, money is pouring into initiatives including VizPick, an augmented-reality

system linked to worker cell phones that lets associates restock shelves faster. The company
boosted capital spending 50% to $7.5 billion in the first half of its fiscal year, which ends in
January. Its capital spending budget this year is expected to rise 26 percent to $16.5 billion,
CFRA Research analyst Arun Sundaram said.

“The pandemic obviously changed the entire retail environment,” Sundaram said,
forcing Walmart and others to be efficient in their back offices and embrace online channels
and in-store pickup options even more. “It made Walmart and all the other retailers improve
their supply chains. You see more automation, less manual picking [in warehouses] and more
robots.”

Source:
Where Walmart, Amazon, Target are spending billions in slowing economy (cnbc.com)

Walmart has become the largest supermarket in America, and as Walmart grows, its net sales
also increase. The table below shows Walmart's Net Sales data per quarter from 2015 to 2021.
Using this data help Walmart to forecast:

• Make a forecast for the next period with the Moving Average method n: 5
• Make a forecast for the next period with the Weighted Moving Average method, 0,1;
0,3 ; 0,2; 0,4
• How much is the change in net sales per quarter?
• Using liner trend method how much Net Sales in 2025 Quarter 2?

Periods Net Sales Periods Net Sales

2015 Quarter 1 $ 115.000.000,00 2018 Quarter 3 $ 125.000.000,00
2015 Quarter 2 $ 120.000.000,00 2018 Quarter 4 $ 139.000.000,00
2015 Quarter 3 $ 117.000.000,00 2019 Quarter 1 $ 124.000.000,00
2015 Quarter 4 $ 130.000.000,00 2019 Quarter 2 $ 130.000.000,00
2016 Quarter 1 $ 116.000.000,00 2019 Quarter 3 $ 128.000.000,00
2016 Quarter 2 $ 121.000.000,00 2019 Quarter 4 $ 142.000.000,00
2016 Quarter 3 $ 118.000.000,00 2020 Quarter 1 $ 135.000.000,00
2016 Quarter 4 $ 131.000.000,00 2020 Quarter 2 $ 138.000.000,00
2017 Quarter 1 $ 118.000.000,00 2020 Quarter 3 $ 135.000.000,00
2017 Quarter 2 $ 123.000.000,00 2020 Quarter 4 $ 152.000.000,00
2017 Quarter 3 $ 123.000.000,00 2021 Quarter 1 $ 138.000.000,00
2017 Quarter 4 $ 136.000.000,00 2021 Quarter 2 $ 141.000.000,00
2018 Quarter 1 $ 123.000.000,00 2021 Quarter 3 $ 141.000.000,00
2018 Quarter 2 $ 128.000.000,00 2021 Quarter 4 $ 153.000.000,00