Investor's Alert (Volume Pattern in Focus): Wal-Mart Stores, Inc. (NYSE: WMT)

Wal-Mart promises 30-second returns in stores as Amazon tries to catch

The company expects to reach USA online revenue of $11.5 billion this year.

"By leveraging our physical stores and the Walmart app, we're changing the returns game in ways that only Walmart can do", Eckert added in prepared remarks.

The company also plans to double the number of USA curbside locations for online grocery shoppers at its stores. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.96 by $0.04.

News stories about Wal-Mart Stores (NYSE:WMT) have trended somewhat positive on Tuesday, AlphaOne reports.

Wal-Mart's USA e-commerce chief Marc Lore is among the company executives slated to address shareholders this week at its annual investor day. 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.

The company has revealed that in store returns on items will now take just 35 second or less, reducing the time of a process that Wal-Mart admits currently takes approximately two minutes, not including queuing times. The company has also been on a shopping spree, snapping up smaller e-commerce players like ModCloth, Moosejaw, and Bonobos.


Shoppers often consider returning unwanted or defective purchases to stores to be a hassle. That represents a slowdown from about 20 this year. Wal-Mart Stores earned a news sentiment score of 0.20 on AlphaOne's scale.

The world's biggest retailer confirmed its profit forecasts for fiscal 2018, and projected a five percent growth in adjusted earnings per share in fiscal 2019. Foster & Motley Inc.'s holdings in Wal-Mart Stores were worth $11,311,000 as of its most recent SEC filing.

"We have a plan that plays to our unique strengths", said Walmart CEO Doug McMillon, citing the company's massive brick-and-mortar footprint. "We're executing our strategy and moving with speed to win with the customer, who is more connected than ever". Earlier this year, Walmart announced that it was teaming up with Google to launch voice-activated shopping through Google Assistant.

Online sales still account for a small percentage of Wal-Mart's revenue, and no one expects it to overtake Amazon in e-commerce orders.

Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

But Wal-Mart had already been delivering the goods for its shareholders this year. First, begin the return process through Walmart's phone app before making a trip to the store.

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