Executive Summary

The Fung Global Retail & Technology team attended Walmart’s 47th Annual Shareholders’ Meeting, held in Fayetteville, Arkansas. Below are takeaways from the meeting:

• Walmart is moving in the right direction.
• Walmart’s financial framework calls for growth and wise spending.
• Walmart is implementing new delivery methods such as click and collect.
• The new delivery initiatives save customers money and time.
• Walmart is inventing the future of shopping, again.
• Walmart’s culture is incorporating more risk taking.
• Walmart is working to improve price gaps on private label.
• Private label can leverage sourcing to offer unique products.
• Strong fiscal 1Q18 results were the result of two years of investment.
• Walmart has many other levers to improve performance.