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Walmart: New HQ Could Cost Up to A Billion
10 Octubre 2017, 11:13 | Dolorita Barahona
Wal-Mart’s new app-based returns process will expand to include in-store purchases early next year Eckert said
USA retail giant #Walmart is getting some big changes this year.
Last year Walmart paid $3.3 billion for e-commerce startup Jet.com. WMTsaid the sales gains will be driven by solid comparable sales and e-commerce growth. Looking out over the past year, company shares have been recorded -3.88% off the 52 week high and 12.10% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of The Procter & Gamble Company (NYSE:PG).
The tool will officially roll out in November, and the company plans to expand it to returns of store purchases starting next year. When something is bought online and attempted to be returned in the store, customers ... expect [that they] can come back to the store and return it. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%.
Walmart is also testing the idea of a new service in Silicon Valley that lets a delivery person walk into shoppers' homes with Internet-connected locks when they're not there to drop off packages or put groceries in the fridge.
The retailer has plans to bring in about 2,000 "category specialists" to monitor the company's website and rewrite item descriptions, among other tasks.
As more resources go to its web operations, Wal-Mart has significantly slowed down its pace of new store development.
Walmart also expects to open less than 15 supercenters and less than 10 Neighborhood Markets in the coming fiscal year. Vetr raised Wal-Mart Stores from a "buy" rating to a "strong-buy" rating and set a $90.92 price objective for the company in a research note on Thursday, June 15th. That represents a slowdown from about 20 this year.
Foster & Motley Inc. raised its holdings in Wal-Mart Stores, Inc. Earnings will climb about 5 percent in fiscal 2019, also in line with previous guidance, Wal-Mart said.
"We're proud of the progress we're making", Walmart CEO Doug McMillon said.
"We've invested a lot of time and energy in that technology to make sure that we're offering that capability to our customers who aren't being abusive", Eckert said. Wal-Mart acquired e-retailer Jet previous year for more than $3 billion - a deal that's since helped boost Wal-Mart's online sales by more than 60 percent.
On Monday, Walmartannounced clients of a new benefit they will have for shopping online.
In the summer, the group had reported that online sales had surged a whopping 60% during the second quarter.
Many see the latest move by Walmart as another way in which the company is trying to compete with Amazon.
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