Walmart Inc (NYSE: WMT) announced plans of taking its data analytics platform global on Thursday. Shares of the retail behemoth are up 5.0% at writing.
What is Walmart Luminate?
Luminate was a result of a collaboration between Walmart and a third-party research firm called Dunnhumby in 2021.
The data analytics platform is based out of Bentonville, Arkansas. According to $WMT:
Mirroring the strategy used in the U.S., this will be a phased launch, starting with Shopper Behaviour followed by Channel Performance and Customer Perception.
Note that Walmart Inc also reported its financial results for the first quarter this morning that topped Street estimates (find out more). The retail stock is now up roughly 20% versus its year-to-date low in early January.
Watch here: https://www.youtube.com/embed/bRwoVMfhKwQ?feature=oembed
Luminate expansion will start with Mexico
International expansion of Walmart Luminate will commence with Walmex in Mexico. Walmart Canada will then follow later this year.
The New York listed firm has about 90% of its biggest suppliers subscribed to Luminate Charter. Smaller suppliers, it added, make up roughly 50% of the total subscriptions at present.
On Thursday, $WMT also said that the Volt Systems acquisition in 2022 helped it extend its value proposition to primary service providers and store operators.
Walmart stock currently pays a dividend yield of 1.39%. Wall Street currently has a consensus “overweight” rating on shares of the $483 billion giant that owns Sam’s Club and Flipkart.
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