In the fiscal year ended January 31, 2024, Walmart's global net sales amounted to 642.6 billion U.S. dollars, an increase of approximately six percent in comparison to a year earlier.

Walmart Walmart was founded in 1962 by Sam Walton when he and his brother James “Bud” Walton opened the first Wal-Mart Discount City in Rogers, Arkansas. Since then, Walmart has grown to become the largest publicly-owned retail company in the world. In the United States, the company includes Walmart discount stores, supercenters, neighborhood markets, and Sam’s Club warehouse membership clubs. The company also has many international operations. Walmart is considered a variety store which focuses on low prices featuring apparel as well as hard goods, and has been committed to upholding their basic value of customer service. Beginning in the early 1990s, Walmart went to great lengths to increase their market share. They introduced a full line of groceries into their stores, diversified their market by appealing to certain ethnic groups through bilingual advertisements, and took steps to promote the awareness of environmental issues.As of 2024, Walmart operated 10,616 stores worldwide; with 4,615 of those stores located in the United States alone.

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. In India, Walmart operates under the name of Flipkart Wholesale.

As of July 31, 2022, Walmart has 10,585 stores and clubs in 24 countries, operating under 46 different names. Out of which we have chosen 45 stores for basic analysis.

Walmart is the world's largest company by revenue, with about US$570 billion in annual revenue, according to the Fortune Global 500 list in May 2022.

How Walmart uses Big Data?

• Improving Store Checkout: By using Predictive Analysis, the stores can anticipate demand at a certain week and determine how many Sales Representatives / Employees are needed.
• Managing the Steps of Supply Chain: The company optimizes the routes to the shipping dock and tracks the number of times the product is accessed before it reaches the Customer's destination. Also, it uses the data to analyze transportation lanes and routes for the company's trucks. These data help Walmart keep transportation costs down and schedule an appropriate time for drivers.
• Optimizing Product Assortment: By analyzing customer preferences and shopping patterns, Walmart accelerates the decision-making on how to maintain stocks. Big Data provides insights on new items and discontinued products.
• Personalizing Shopping Experience: With Big Data, Walmart analyzes the shopping preferences of the customers to develop a consistent and delightful shopping experience. and much more...

The retail chain – Walmart, has multiple outlets across the country which are facing issues in managing their inventory – to match supply with respect to demand. Using available data, we must: • Extract useful insights. • Make prediction models to forecast the sales for "X" number of months/years.

According to the data, Walmart's net sales were forecast to be around 547 billion U.S. dollars in 2021, following the upsurge in 2020 that was driven by COVID-19. From 2021 onwards, Walmart's net sales were forecast to increase with each consecutive year. By 2026, it was forecast that Walmart's net sales would grow to 675.2 billion U.S. dollars, which includes store-based and e-commerce net sales.

From 2004 to 2024, the net revenue of Amazon e-commerce and service sales has increased tremendously. In the fiscal year ending December 31, the multinational e-commerce company's net revenue was almost *** billion U.S. dollars, up from *** billion U.S. dollars in 2023.Amazon.com, a U.S. e-commerce company originally founded in 1994, is the world’s largest online retailer of books, clothing, electronics, music, and many more goods. As of 2024, the company generates the majority of it's net revenues through online retail product sales, followed by third-party retail seller services, cloud computing services, and retail subscription services including Amazon Prime. From seller to digital environment Through Amazon, consumers are able to purchase goods at a rather discounted price from both small and large companies as well as from other users. Both new and used goods are sold on the website. Due to the wide variety of goods available at prices which often undercut local brick-and-mortar retail offerings, Amazon has dominated the retailer market. As of 2024, Amazon’s brand worth amounts to over *** billion U.S. dollars, topping the likes of companies such as Walmart, Ikea, as well as digital competitors Alibaba and eBay. One of Amazon's first forays into the world of hardware was its e-reader Kindle, one of the most popular e-book readers worldwide. More recently, Amazon has also released several series of own-branded products and a voice-controlled virtual assistant, Alexa. Headquartered in North America Due to its location, Amazon offers more services in North America than worldwide. As a result, the majority of the company’s net revenue in 2023 was actually earned in the United States, Canada, and Mexico. In 2023, approximately *** billion U.S. dollars was earned in North America compared to only roughly *** billion U.S. dollars internationally.

In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.

In quarter two of 2023, Walmart's inventory turnover was **** turns. Walmart had net sales of approximately *** billion U.S. dollars in 2023.

Over the last several years, Costco has seen a yearly increase in its global net sales, rising from ***** billion U.S. dollars in 2014 to ***** billion U.S. dollars by 2024. Costco has made a name for itself worldwide as a members-only wholesale retailer with warehouse style stores. Costco in the U.S. Costco opened its first warehouse in Seattle, Washington in 1983 and has since expanded to become one of the most respected and valuable retailers in the United States and worldwide. Among the top three mass market retailers in the United States: Walmart, Costco, and Target; Costco had the highest average sales volume per store, at *** million U.S. dollars as of 2023. Costco Customers Costco sets itself apart from many other mass merchants by requiring customers to pay a yearly membership fee in order to shop at its locations. A 2023 survey found that the largest share of Costco’s American customer base is between the ages of 18 and 49 years. The company also prides itself in having the highest customer satisfaction rating of any department or discount store in the United States in 2023.

This statistic depicts the sales of the leading retailers in the United States in 2023. Walmart was the leading retailer in the United States with about 635 billion U.S. dollars worth of sales that year.