Walmart has been looking to diversify its retail portfolio with a grocery retail business, a company spokesman told the Washington Examiner.
The company could be acquiring Whole Foods or Kroger, which could open a new market for Walmart’s ecommerce offerings, he said.
Wal-Mart could have several retail stores, including one in Kansas City, Mo., a town where Kroger is headquartered.
The Kroger-Walmart partnership has been around for about three years and could see Walmart acquire more than 10 million square feet of space at Kroger and Whole Foods in 2019, according to a January report from the Kansas City Star.
Kroger currently has about 11 million square foot stores in the U.S. and is building a $1.2 billion new store in Kansas.
Walmart is expected to begin construction in 2019 on a grocery center in Kansas and has plans to expand in other states, including Tennessee, according a December report from MarketWatch.
Walmart has about $4 billion in sales from its ecommerce business, according the Star.
It has about a dozen stores in seven U.N. missions in Asia.
The Washington Post first reported Wal-Marts plans for a grocery business in 2014.
Walmart reported $11.5 billion in revenue for the third quarter of 2018, up 13% from the same period in 2017.
Walmart also reported record-high profits in the third and fourth quarters of 2018.
It posted a profit of $4.3 billion in the same three-month period, down from $5.6 billion in 2017 but up from $3.7 billion a year earlier.
Walmart shares closed at $74.70 on Wednesday, down 0.3% from their high of $79.72 earlier this month.