Wal-Mart & McDonald’s With Arms Wide Open Toward New Markets of Tech, Accessibility and Sustainability
The Weekend Brief (TWB) is inspired by the late ’90s rock band Creed. I suggest listening to their song With Arms Wide Open as you read TWB. You can also check out an interview with Creed’s lead singer Scott Stapp who discusses the song’s origins and writing process with The Ringer.
Press play: https://www.youtube.com/watch?v=99j0zLuNhi8
Wal-Mart & McDonald’s have both been hot topics on CNBC in the first month of the new year. McDonald’s reported stronger earnings than Wall Street expectations for Q4 2022 and Wal-Mart announced it was raising its minimum wage payroll to $14/hour for in-store associates.
First, let’s take a closer look at Wal-Mart and how the supermarket behemoth intends to compete with a technologically superior competitior in Amazon.
In the aftermath of Black Friday in 2022 CNBC reported that Wal-Mart defeated Amazon to take the top spot among consumers for Black Friday shopping and discounts, including for online searches and purchases — an area where Amazon generally has dominated the retail marketplace.
According to the data, Walmart’s search traffic went up by 386% year-over-year to top Amazon’s previous number one ranking in 2021. It was also…
