Groceries accounted for 51 percent of Wal-Mart Stores Inc.’s
With a 51 percent share of total revenue, Wal-Mart’s
Groceries accounted for 49 percent of
The figures illustrate Bentonville, Ark.-based Wal-Mart’s expanding reliance on groceries and its growing dominance in food retailing. Groceries are by far Wal-Mart’s biggest merchandise category, with the next-biggest, entertainment, accounting for 13 percent of 2010 sales.
Wal-Mart’s share of the $816 billion
In a March 10 investor presentation, Wal-Mart chief operating officer Bill Simon said the company will accelerate “rollbacks,” or permanent price reductions. Analysts say that with more aggressive rollbacks, Wal-Mart is going after Kroger Co. and other major supermarket chains that drew customers away in recent years.
“We’re always about price,” Simon said March 10. “We have to deliver price, and we do.”