Walmart 2023 Outlook Webinar
Sales appeared better in December vs. November as Walmart benefited from later holiday shopping, the extra day ahead of Christmas, and weather-driven demand in grocery categories. Our research suggests Walmart has been a share gainer in grocery and general merchandise categories as consumers increasingly seek value. That said, it does seem like Walmart made incremental investments in promotions and markdowns over the holidays and remains focused on avoiding inventory pressure over this coming year.
Suppliers sound positive on the outlook for Walmart with growth forecasts averaging up 4-5%, well ahead of current Wall Street expectations. Feedback is also positive on Walmart’s ability to gain share this year as the consumer environment potentially worsens.
Despite this positivity, suppliers remain uncertain on how Walmart’s strategic priorities will impact 2023 decisions. How will Walmart adjust assortment strategies and execution as supply chain reliability improves? How will Walmart balance a growing margin focus with a possible worsening in the consumer environment & more competition from peers? How should suppliers navigate growing cost-to-serve pressures servicing Walmart?
Join CRC on Friday, February 24 at 12:00 pm ET for the Walmart 2023 Outlook Webinar where we will answer these questions, as well as share supplier benchmark data and our own forecasts for what to expect this year. This 60-minute webinar will unpack the latest themes and insights on Walmart and provide a preview of important focus areas and key initiatives for the years to come.
Key webinar topics include:
- 2022 results recap
- Latest on price/promotion & supply chain programs at Walmart
- Digital insights, Walmart Connect & Luminate themes
- 2023 forecasts & supplier best practices
- Participant Q&A
About the Presenter
Executive Director, Traditional Retail Council
Cleveland Research Company
Ben is the Executive Director of Cleveland Research Company’s Traditional Retail Council. He is focused on gathering insights and expanding CRC’s coverage in the retail industry to find valuable inflections and trends for grocery, mass, club, dollar, and eCommerce channels. Ben was a former intern on CRC’s Consumer Team before joining the firm full-time. Ben holds two Bachelor’s Degrees in Finance and Economics and graduated Summa Cum Laude from Miami University.