More than 70% of all items in Walmart’s online store are $10 or less, according to research firm Euromonitor.
Walmart has struggled to keep up with a shrinking customer base and competition from the likes of Amazon.com and Target.com.
Last year, Walmart reported $6.2 billion in sales, down from $8.4 billion in 2016.
The retailer’s stock has fallen nearly 30% this year, hitting an all-time low.
The company also has struggled in the consumer electronics arena, which is where its $4.9 billion in net income came from last year.
The company has struggled with its stock price in the wake of a series of reports alleging that it improperly monitored its workers, the use of slave labor, and a failed labor-management deal with the United Auto Workers.
Last year, the retailer announced that it would slash its workforce by 15% and cut $50 million in spending.