4 ms·
Revenue, especially for retailers, is a weird things to measure. Walmart essentially buys goods worth ~$400B and resells them for $524B with some value addition
by umeshunni 6y ago
Revenue, especially for retailers, is a weird things to measure. Walmart essentially buys goods worth ~$400B and resells them for $524B with some value addition (mostly around discovery and distribution). If we were to measure them the same way we measure GDP, that would count as $124B.
As an example, Singapore is a major trade hub. In 2018, their exports were $323B (or about $57K per capita). Their imports were, surprise surprise, $323B. In other words, they are like Walmart for South and SE Asia where they import products from China, US and Japan and redistribute them to Malaysia, Indonesia, India etc.