What is one major challenge Walmart faces in the retail industry?

Walmart's primary challenge in the retail industry stems from the increasing competition from online retailers and the rapid growth of e-commerce. As consumer shopping preferences shift towards online platforms for convenience and broader options, traditional brick-and-mortar stores like Walmart must adapt to maintain their market share.

This challenge involves not only competing with major players like Amazon but also adapting to the evolving expectations of customers who are looking for a seamless shopping experience that combines in-person and online retail. Walmart has been actively investing in its online infrastructure, improving its delivery services, and expanding its e-commerce capabilities to better compete in this space.

In contrast, issues like high employee turnover, while significant, do not represent a direct challenge to Walmart's competitive positioning in the same way that e-commerce does. Similarly, limited store locations and lack of product variety are not as critical because Walmart has a vast network of stores and a diverse range of products, which helps it maintain a strong presence in the market despite other challenges.