Research on the Way Walmart Succeeded during the Pandemic

DOI

10.2991/aebmr.k.220405.200How to use a DOI?

Keywords

COVID-19; Walmart; Online shopping; Pandemic

Abstract

During the year 2020, the world has suffered from a new outbreak virus called COVID-19, which was contagious and resulted in “lock down” policies in many countries and regions. These situations put huge pressure on the economic performance worldwide, in the meantime, many companies were seriously hurt by these policies and even went bankrupted. However, some companies took advantage of this pandemic in terms of their business growth. In this essay, the investigation will be based on how the world’s largest retailer’s corporation, Walmart, experienced success in the course of the COVID-19 virus. This essay will also introduce the differences between Walmart and certain companies that experience failures in the course of the pandemic. By analyzing the annual reports, quarterly reports, stock trends, and information provided on each firm’s investment-relation websites, patterns would be observed in the data themselves and what factors contributed to their comedy or tragedy. In the end, the conclusion comes out to be Walmart had its growth by expanding and updating its online platform to hold their consumers while lock down, Walmart had to do fewer discounts since during the pandemic people had few choices, and Walmart grew a reputation as a reliable supply source while founded in 1962.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Weihan Luo
PY  - 2022
DA  - 2022/04/29
TI  - Research on the Way Walmart Succeeded during the Pandemic
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 1210
EP  - 1213
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.200
DO  - 10.2991/aebmr.k.220405.200
ID  - Luo2022
ER  -