Walmart earnings report is coming. Here's everything you need to know

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Walmart has been pouring money into new technology that helps it more speedily fulfill online orders, grow its massive grocery business, stock shelves with merchandise and even train its own employees.

for more than 200,000 items, though it didn't disclose exactly how much money it will be spending to do that. That was after Amazon on April 25 said it would be making free, one-day shipping a new perk for Prime members.

The biggest retailer in the world — headquartered in Bentonville, Arkansas — also has been on an acquisition spree to beef up its e-commerce business, buying companies ranging from Art.com to online lingerie retailer Bare Necessities. The company has said it's targeting e-commerce sales growth of 35% for this year, which won't be as robust as 2018.

Meantime, Walmart is still spending money on improving its supply chain, to make more of its stores capable of packing and delivering grocery orders placed via the internet. The company has said it's on track to offer pickup for online grocery orders at 3,100 stores, and same-day grocery delivery from 1,600 locations, by the end of the year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$WMT $110.... THIS MORNING. My guess. They are trying to beat $AMZN. I do believe it. Go $WMT Go

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Macy's is about to report earnings. Here's everything you need to knowThere are concerns department store retailers including Macy's didn't perform as well during the first quarter thanks to the Easter holiday falling later in the season and spring weather being wetter for much of the U.S., encouraging shoppers to stay inside. Many of us think that all our crypto assets are secured and exchange where we keep our hardly earned money is very secured. Think again ! Be smart get best hardware wallet ever made Ledger Nano X. Buy now at discounted price
Source: CNBC - 🏆 12. / 72 Read more »