Walmart Customers Showing Slowness to Adopt New TV Technology, CEO Says
Walmart is still battling “considerable headwinds” in its entertainment department, which include CE products, Walmart U.S. CEO Greg Foran said Tuesday on an earnings call. “A slow adoption of new technology in televisions and the shift from post-paid to installment…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
wireless plans contributed to disappointing sales results” in Walmart's Q3 ended Sept. 30, said Foran, who offered few specifics and took no questions. “We're working on improving our operating model in this area both in terms of service to our customers and in the layout of the department,” he said. Though Walmart has made “some progress” this year, “it will take time to get this department where it needs to be,” he said.