A essence is truly worth a thousand words.
Speaking at a media briefing at Walmart’s annual shareholders get-together this week in Bentonville, Arkansas, Chief Marketing Officer Tony Rogers highlighted an graven image that depicts a stark contrast between the top retailers in 1970 matched with last year.
The list on the left includes names get off on Sears, J.C. Penney and Kmart. An updated version includes Walmart in the No. 1 outlook, followed by fierce competitors Kroger, Costco and of course Amazon. No person of the companies on the left made it to the right, nearly half a century later.
The scared for Walmart now is falling off the current list within a few decades. The company is evaluation many new initiatives both in stores and online to compete. Rogers bruit about those retailers that are afraid of change are the ones that end up away behind.
CNBC visited a Walmart supercenter in Arkansas this week, where the concern has been piloting some new technology that could eventually reverberate out to additional locations. Below are five things Walmart is working on to recover the shopping experience.