walmart (WMT) – Get a free report has spent the last few years locked in an existential war with e-retailer Amazon (AMZN) – Get a free report.
Part of the arms race in that war has been a giant ramp up in technology and delivery capacity, as Walmart has successfully transitioned from just a big retailer to a formidable online presence.
And now, with inflation hitting consumers’ grocery budgets as they change their spending habits, Walmart has found a new way to monetize all the technology investments it’s made over the past decade.