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Wal-Mart Stores, Inc. (NYSE:WMT) Withstands Brexit Shock

Walmart Stores Inc (WMT)
Wal-Mart Stores, Inc. (NYSE:WMT) as well as its rival Target seem to have lost investor confidence to a lesser extent than many other firms after the unexpected Brexit result. The result had led to a knee-jerk reaction on the stock market. However, the 2 retail giants seem to have quickly shrugged it off. This may be a result of their strong domestic performance. Wal-Mart has recently achieved the top spot among grocery stores in the Richmond region. The firm’s spokesman Phillip Keene said that the store offers a one-stop solution to its customers.
Walmart Stores Inc (WMT)

Wal-Mart Stores, Inc. Takes Measures Against Brexit-like Events

Domestic performance aside, as far as Brexit itself is concerned, the firm seems to have taken steps to withstand such events. The firm had a question and answer session with the investment community earlier this month. At that time, David Cheesewright – president and CEO of Walmart International had shed some light on Europe. He said that the firm is seeing good growth on ‘fresh’ across international markets. They are also looking to develop a much more harmonized approach to produce sourcing across the globe. David and Greg (chairman of the board) have been collaborating pretty closely. David took on sourcing from Rollin at the early part of this year. Since a long time, the firm had an Americas sourcing operation. Now, it has a Europe/Middle East/Africa operation. It also has one in Asia.

Wal-Mart’s e-commerce and supply chain innovation, as well as investment in staffing and better customer service, could push its profitability and share price higher. Rationalizing the portfolio, positive currency translation and a more ethical offering could also bring in better days for the firm.

The firm is still in the midst of major change. Hence, its future is not without risk. One such change is its investment in customer service. The retail sector is a more competitive place than ever right now. Hence, differentiation between retailers could prove to be key to customer loyalty and profitability.

Innovation too has multiple strands, with its website and e-commerce space being one, while another is the firm’s supply chain. In terms of e-commerce, Wal-Mart has expanded its online grocery to 150 locations across more than 20 US markets. It has also ramped up in-store and in-club pickup. Then there is the acquisition of the Chinese online retailer Yihaodian.

There also are parts of the firm’s business which are not doing well. For example, the UK remains a highly competitive space. Wal-Mart’s Asda division suffers from an environment where food price deflation is a constant challenge. Also, Wal-Mart has seen less than stellar performance from stores in Latin America and in Canada. This has acted as a drag on its overall profitability. It may also cause some investors to doubt the firm’s growth potential.

Sam’s Club to Open a New Club in Gainesville

Sam’s Club will open its new club in Gainesville on Thursday, June 30. The club will offer more savings, services and new ways to shop for local families, business owners and students. Doors open at 4001 SW 30th Place in Gainesville following an 8:00 a.m. grand re-opening ceremony. This brand new club will replace the one on 13th Street, which opened its doors in 1990.  ‘We’re excited to offer the community a brand new shopping destination,’ said Club Manager Aaron Ellington. ‘In our new club, we’ll offer an improved member experience including additional health and wellness services, as well as our new Scan & Go and enhanced Club Pickup ordering service.’ Sam’s Club® is a division of Wal-Mart.

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