Walmart expects surge in online sales as its digital strategy ramps up

Wal-Mart’s new app-based returns process will expand to include in-store purchases early next year Eckert said

"Our future is looking more digital".

An online retail consultant said that consumers usually consider returning bought items to stores to be a bother, though it is often necessary.

In the battle between online retailers, there's no greater rivalry than Amazon and Walmart. The stock surge marked the company's largest single-day percentage increase since May 2016. The gain follows a 17 percent increase this year through Monday's close. Consolidated net sales are expected to grow at or above 3 percent, driven by comp-sales and eCommerce growth, assuming currency exchange rates remain at current levels. Now 1,000 USA locations are participating.

Starting in early November Walmart will institute a simplified, app-based returns process called Mobile Express Returns that will be available at all 4,700-plus stores.

Trump may visit DMZ during South Korea trip
The exercise involved South Korea's air defense unit and soldiers from the USA 6th Battalion, 52nd Air Defense Artillery Regiment. "I think it's not going to take long to see AI being a core assistant to commanders", the source told the Yonhap news agency .

But the online push has come at a cost: Profit margins on online orders are narrower than those for in-store sales, due to fulfillment expenses. Understanding Profitability at Wal-Mart Stores, Inc. First, begin the return process through Walmart's phone app before making a trip to the store. They will have to select the reason for the refund - like a damaged item - before receiving approval. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction on Tuesday, August 22nd. It opened 40 new supercenters this year, down from 60 supercenter openings the last fiscal year. Walmart has estimated that 90% of the USA population lives within 10 miles of one of its more than 4,700 stores. That represents a slowdown from about 20 this year. KeyBanc Capital Markets initiated Wal-Mart Stores Inc (NYSE:WMT) rating on Friday, September 30.

In the past 5 years, the stock showed growth of -3.7% per annum. Wall Street analysts, on average, are forecasting the company's EPS to be 0.97, compared to 0.98 reported in the same quarter a year ago. Moreover, Beacon Advsr has 1.32% invested in Wal-Mart Stores Inc (NYSE:WMT). 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. In addition, according to a study by InfoScout, Walmart Pay now ranks as the No. 2 mobile wallet, despite launching chainwide only 16 months ago, and now offers customers instant access to their Walmart credit card.

A key to Wal-Mart's e-commerce push is leveraging its extensive network of physical store locations.

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