I meant that historically, Walmart's money-making pursuits were not bastioned mainly on technology, but supply chain and leveraged buying positions. This does not preclude them from having highly-competent specialists (e.g., technologists) to support these operations. For example, Google has a stellar legal team, but is still an advertisement technology company.

In fact, I think that Walmart had a lot to do with the standardization of UPC codes, which is a technological innovation for sure. Depending on your definition, everything could be a technology play, which makes for a far less useful term.