Wal-Mart Names Instagram CEO Systrom as 15th Board Member

The video discusses Walmart's strategic move to appoint a young tech-savvy board member, reflecting its push into e-commerce and mobile. It highlights Walmart's demographic challenges, with a focus on attracting younger shoppers and competing with Amazon. The discussion also covers millennial shopping habits, emphasizing the need for Walmart to adapt to changing consumer behaviors.

What is the primary reason for Walmart's appointment of a young board member?

• To reduce their workforce

• To enhance their physical store presence

• To expand internationally

• To strengthen their e-commerce and mobile strategy

What percentage of Walmart's shoppers are aged 18 to 24?

• More than 50%

• About 20%

• Less than 6%

• Around 30%

Why might Walmart be interested in attracting a younger demographic?

• To compete with luxury brands

• To reduce online sales

• To increase sales through mobile platforms

• To focus on in-store promotions

How do millennials' shopping habits differ from older generations?

• They avoid grocery stores

• They prefer online shopping

• They shop less frequently

• They shop more often at grocery stores

What challenge does Walmart face with millennial shopping habits?

• Millennials avoid online shopping

• Millennials make fewer 'fill-in' trips

• Millennials only shop on weekends

• Millennials prefer to shop in bulk