Why is customer convenience important in Walmart's business model?

Customer convenience is crucial in Walmart's business model because it directly influences customer loyalty and sales. When customers find shopping at Walmart easy and convenient, they are more likely to return for future purchases, resulting in repeat business. This loyalty fosters a stable customer base, which is essential for sustaining profitability in a competitive market. Moreover, when Walmart provides various convenient shopping options—such as in-store pickup, online shopping, and extended hours—it accommodates different shopping preferences and schedules, enhancing the overall shopping experience. Such convenience not only encourages customers to choose Walmart over competitors but can also lead to increased sales, as customers may be inclined to buy more when their shopping experience is pleasant and streamlined.