Most people would quickly answer no to the question of whether Walmart is an innovative company. But, I challenge you to keep your perspective open. The world’s largest retailer is quite adept at breaking into new technology channels, and tapping them customer service or sales opportunities.
To support its desire to innovate, Walmart runs WalmartLabs. Recently, WalmartLabs has acquired certain companies to help it continue innovating. It purchased online movie service Vudu, and a search and social media company, Kosmix, both located in Silicon Valley. Who knew Walmart would be a Silicon Valley player?
Read more about the lab and its acquisitions here: