Walmart Customers Showing Slowness to Adopt New TV Technology, CEO Says
Walmart is still battling “considerable headwinds” in its entertainment department, which include CE products, Walmart U.S. CEO Greg Foran said Tuesday on an earnings call. “A slow adoption of new technology in televisions and the shift from post-paid to installment…
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wireless plans contributed to disappointing sales results” in Walmart's Q3 ended Sept. 30, said Foran, who offered few specifics and took no questions. “We're working on improving our operating model in this area both in terms of service to our customers and in the layout of the department,” he said. Though Walmart has made “some progress” this year, “it will take time to get this department where it needs to be,” he said.