Walmart, one of the world's biggest retailers headquartered in Bentonville, Arkansas, spent a total of $3.9 billion on advertisements in FY2022, an increase of 21.8% as compared to $3.2 billion in advertisement costs in FY2021.
Advertising expenses include costs related to digital, television, and print advertisements. Walmart uses social media, online advertising, and email to reach and communicate with its customers, and improve their shopping experience. Newspaper ads, internet ads, and media transmission make up the majority of the costs associated with advertising in FY2022.
Walmart frequently conducts special offers throughout the year and advertises its low pricing to attract consumers. Walmart uses a wide variety of advertising channels, such as TV commercials, billboards, social media, and even their online store through this Walmart reaches a huge number of customers and becomes the world’s leading retailer and among the world's largest corporations.
Walmart’s fiscal year ends on January 31.
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