Walmart's gross profit margin is only around 13 %. Cosco does 217 billion dollars a year in revenue. Sam's club does about 75 billion. Walmar really was kind of positioned to have best of both worlds here. Of membership subscription business with sam's club, plus e commerce. It feels like there's a lot more that they could be doing.
We kick off Season 11 with the incredible story of the retail “granddaddy of them all” Walmart, and its founder Sam Walton. Once you study Walmart, you realize just how deep its heritage runs through Amazon and so many iconic modern companies we cover on Acquired. This episode was an absolute blast, and we even uncovered a new addendum to the hallowed “focus on what makes your beer taste better” playbook theme!
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Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.