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