Member Brief: Lore’s Great Challenge

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Marc Lore is right. On the heels of an explosive report by Recode’s Jason Del Rey, 2PM delves into the forces in play. Amazon alum and Jet founder Marc Lore has always had a tough task within the walls of Walmart Incorporated. Consider the influence of history on his task at hand.

By 1967, the five year old retailer had achieved a profitable $12.6 million in sales, just five years into its proper existence. In today’s money, that’s $96,500,000. The Bentonville, Arkansas retailer would incorporate two years later and IPO within three years, going public in 1972. Today, Walmart is the largest company by revenue and it is the largest private employer in the United States, employing some 2.2 million people. The DNA of the company is one of cash flow and expansion, cash flow and expansion. The genetics will need to change to win the future.

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Member Brief: Walmart’s Weakness

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When you have the next opportunity, seek out a conversation with a Walmart employee. No, not one of those that you’d find at Recode’s Code Commerce, though you’ll find that they’re amazing people. But that’s a completely different world. Find ones like Cindy or Daryl. Cindy has been working at a Walmart Supercenter for nine months, now. Daryl is going on three years. Pay is what’s to be expected from a retailer of its size. One of them makes $11.74 per hour and the other makes $11.01 behind the register.

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Member Brief: Light-Shipping and “Now”

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In logistics industry circles, “light-shipping” is code for Amazon Prime Now’s sub-60 minute fulfillment capability. In some cases, Amazon can pick, pack, ship, and fulfill items from its network of Warehouses in under 30 minutes, depending on one’s geography.

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