A Wal*Mart Story

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[Money & Finance]

Is That an AI Lab? Nope, Just a Walmart

If we've told you once, we've told you a thousand times: A booming economy and strong consumer sentiment have been great for retailers.

So instead of only telling you about Walmart's (-2.01%) third-quarter financials (which, BTW, featured 3.4% U.S. sales growth and $124.9 billion in revenue), let's talk about how Walmart, the world's largest retailer, is trying to innovate.

There's a major focus on winning customers online. With annual e-commerce sales growth clocking in at 43% in Q3, Walmart looks ready for the prime-time holiday season.

Walmart is set to pass Apple to become the third largest e-commerce retailer by sales this year (behind Amazon and eBay), according to eMarketer.

It'll snag 4% of U.S. e-commerce sales, up from 3.3% last year.

And that takes tech investment. Stores are morphing into tech powerhouses, complete with distribution hubs to speed up deliveries, employees trained to work in tandem with AI/robots, and handy apps to help customers find what they need.