A retailer’s stock price has a direct impact on its ability to sell goods to consumers.
But that impact isn’t always as immediate as the headline would suggest.
Wal-mart is currently trading at a record low, and its stock price is currently about 20% lower than it was a few years ago.
It’s also worth noting that the company’s stock has been falling over the past few years.
And the company doesn’t want to be left behind, as it has announced plans to expand its grocery business and expand its online presence.
“We’re not going to close our doors,” Walmart CEO Doug McMillon told investors at a recent investor day.
“There’s no reason we can’t continue to grow.”
McMillon also said the company plans to make its online business a more robust one by partnering with Amazon and other major retailers.
He also said that the retailer is planning to invest $3 billion to expand delivery services.
It is also not the first company to announce a shift in strategy.
In 2014, Walmart’s shares lost almost 25% of their value, prompting analysts to predict that the chain’s stock would crash to around $15.
It has since recovered and is trading at around $20.