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Walmart meetings go virtual with disguise xR
Monday, 24 May 2021
Walmart needed to address a global audience of investors
USA - Multinational retail corporation Walmart relied on the disguise extended reality (xR) workflow to host two of its most important corporate meetings virtually for the first time earlier this year. Walmart needed to address a global audience of investors in its annual Investor Community Meeting (ICM), as well as key management personnel in its Year Beginning Meeting (YBM), remotely. Partnering with experiential event company LEO Events, Walmart invited Xite Labs, a long-time disguise creative and workflow partner, to deliver a custom-built stage powered by disguise xR at Walmart’s headquarters in Bentonville, Arkansas, to host the two virtual events.
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Dive Brief:
COVID-19 s unprecedented impact on Walmart s growth last year was tough to beat, but the retailer continues to report robust first quarter growth with e-commerce sales up 37%, market share gains in grocery and U.S. comp sales rising 6%. Sam s Club comp sales also increased 7.2% and e-commerce rose 47%.
As consumers looked to spend their stimulus checks, total revenue growth of 2.7%, to $138.3 billion, beat expectations. However, revenue was negatively impacted by $4.2 billion due to overseas divestitures, according to a Tuesday press release.
Given the retailer s figures in Q1, Walmart raised its outlook for the fiscal year. The retailer expects a high single-digit increase in its U.S. operating income and earnings per share.
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