Saturday, 16 December, 2017

Walmart leverages stores for online shopping returns

Wal-Mart’s new app-based returns process will expand to include in-store purchases early next year Eckert said Wal-Mart’s new app-based returns process will expand to include in-store purchases early next year Eckert said
Edmund Wade | 11 October, 2017, 00:14

And bucking the trend in a retail industry where many rivals are paring their store fleets, Walmart said it plans to open a few more stores: it expect to open fewer than 15 SuperCenters in the US next year, a small uptick to be sure, but additional physical facilities to support its roughly $15 billion a year e-commerce business. "Our future is looking more digital".

"We still believe Amazon's lead in online retail is insurmountable", said Moody's retail analyst Charlie O'Shea.

Sometimes, brick-and-mortar retail can still flex its muscles. The stock surge marked the company's largest single-day percentage increase since May 2016. The result was a 60% growth in USA e-commerce sales at its namesake chain last quarter. In a statement on its website announcing the new service, Walmart said it hopes to make the returns process "fast, easy -- and maybe even a little enjoyable". Investment Counsel Inc. grew its stake in shares of Wal-Mart Stores by 10.2% in the first quarter. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. They have included tests with smart-lock maker August to bring groceries and other items into your home; using Uber to deliver groceries; and getting in-store staff to make deliveries. "You are going to start to see those two businesses converge and I think you will be able to shake expenses out of the system and I think Wal-Mart is in the early stages of that". It opened 40 new supercenters this year, down from 60 supercenter openings the last fiscal year. The company estimates 90 percent of Americans live within 10 miles of a Walmart location. That represents a slowdown from about 20 this year.

Wal-Mart Stores Inc says that it is also expecting major improvements in ecommerce starting in fiscal 2019. Bragg Financial Advisors Inc increased its stake in shares of Wal-Mart Stores by 4.6% in the first quarter. Citigroup Inc. boosted their price target on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a neutral rating in a research report on Tuesday, August 15th.

"It's convenient for Walmart to put a customer service spin on this policy - however that is really nothing but PR".

And by next year, the new service will expand to include third-party sellers on the company's online marketplace, Walmart.com.

In the summer, the group had reported that online sales had surged a whopping 60% during the second quarter. More interesting news about Wal-Mart Stores Inc (NYSE:WMT) were released by: Reuters.com and their article: "Wal-Mart tests direct-to-fridge; Amazon ups restaurant game" published on September 22, 2017 as well as Latimes.com's news article titled: "Wal-Mart, trying to hone its same-day delivery skills, buys New York's Parcel" with publication date: October 03, 2017.

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