Walmart reiterates goal of doubling international gross merchandise

Ambitious target: A Walmart store in New Jersey. Its omni-channel efforts have been a boon for the retailer as recession fears push more Americans to seek bargains. — AP

BENTONVILLE (Arkansas): Walmart still expects to double the amount of gross merchandise volume it sells in foreign markets to US$200bil (RM916bil) in five years, says a top executive at the retailer even as the global economy remains on shaky ground.

Gross merchandise volume (GMV) measures the total value of all goods sold through a platform or marketplace, which in Walmart’s case includes its Cashi digital payments app platform in Mexico and Flipkart marketplace in India.