Walmart Watch: Annual Investors' Day

Walmart’s Annual Investors’ Day took place on October 10th. Here are the key takeaways:

  • E-commerce sales saw a 60% growth in the past year
  • Since purchasing e-commerce innovator, Jet.com a year ago, Walmart has been on a shopping spree, snapping up smaller e-commerce players such as ModCloth, Mossejaw and Bonobos
  • Introduction of price discounts if customers pick-up their orders in the store
  • Walmart has grocery pick-up at 1,000 of its 4,700 U.S. stores
  • With the focus on e-commerce, fewer than 15 U.S. SuperCenters will be open in next year
  • Walmart expects total net sales to increase at least 3% in fiscal 2019
  • The company introduces speedy online returns
  • Stock buyback: the company will buy back a significant amount of its $240 billion market cap

 In a quote, Moody’s retail analyst, Charlie O’Shea said, “Walmart continues to widen the gap between itself and all other brick-and-motar retailers by leveraging its unmatched physical resources.” Still, he said, Moody’s believes that Amazon’s lead in online retail is insurmountable.

International CEO, David Cheesewright's presetation, including Canada

Walmart International's president and CEO David Cheesewright's presentation "2017 Investment Community Meeting: Moving With Speed."2017 Investment Community Meeting: Moving With Speed."

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