Why Wal-Mart Stores Inc (WMT) Stock is Surging Today

Posted October 11, 2017

Wal-Mart Stores, Inc. (WMT) now has 2.99 million shares outstanding, which means that its market capitalization is $235.04B.

As mentioned earlier by CNBC, the newly announced Mobile Express Returns service will arrive next month and will roll out to all of the company's 4,700 stores in the US. "We're combining the accessibility of our stores with ecommerce to provide new and exciting ways for customers to shop". All a customer needs to do is use the Walmart app to log a product for return which then generates a QR code.

The return path has attracted less attention, but with as much as 30% of online purchases being returned on some estimates - more when looking at certain categories like clothing and footwear - it is clearly an issue for online retailers to tackle. The company declined to say how many customers use its app, and doesn't share data on the volume of items returned.

Mobile Express Returns will initially be limited to items sold and shipped by Walmart.com, but will be extended to in-store purchases by early next year. For making shoppers every aspect simple Walmart is changing retail with remarkable, innovation controlled offerings like Mobile Express Money Services, Pickup Towers, Online Grocery Pickup, and free two-day shipping without an enrollment charge. The new rearranged returns process will be an accessible beginning toward the beginning of November for things sold.

Halep, Monday will be the first racket of the world
Respect: Maria Sharapova and Simona Halep meet at the net after their third-round battle at the 2017 China Open . Halep tightened her grip with another break in the seventh game for a 5-2 lead and served out the first set.

Asked if customers could exploit the ability to get instant credit for items purchased without having to actually return them, Eckert said Wal-Mart would be able to detect and root out abuses. Walmart also said it's now planning a similar returns process for items purchased from third-party sellers on Walmart.com. Walmart now has grocery pick-up at 1,000 of its 4,700 USA stores, firepower that is essential as it competes with Amazon's Prime Now and that retailer's recent acquisition of Whole Foods Market, which gave it 300 new physical distribution points.

The company said it is poised to yield a 40% increase in e-commerce sales next year. Refunds will appear in your account the following day.

Then go to a Walmart and find the Mobile Express Lane at the customer service desk. Wall Street is expecting the company to report earnings per share of $4.38 for the fiscal year.