Published: Wed, October 11, 2017
Technology | By Russell Knight

Walmart is looking to beef up digital sales in the next year

Walmart is looking to beef up digital sales in the next year

Walmart says its digital transformation strategy is resonating with shoppers, especially food shoppers. On top of that, the company will endorse immediate returns of certain products such as shampoo.

The larger grocery retailer in the US has also said that it is expecting to add another 1,000 locations for shipping grocery orders made online during its 2019 fiscal year.

The retail behemoth is predicting net sales growth at or above 3 percent, driven by online sales and growth from existing stores for the next fiscal year. Refunds will be credited to customers' payment account as soon as the next day, although beginning as early as December select household items will be refunded instantly, even before returning them to the store. "We are well positioned to win the future of retail and I wouldn't trade places with anyone".

McMillon also said the retailer plans to open fewer than 15 SuperCenters in the US next year.

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The firm also unveiled plans to add 1,000 online grocery pickup locations at its USA stores as the Asda owner expects its e-commerce business in America to grow sales by 40% for the 2019 year. The new service will be called Mobile Express Returns.

The way Wal-Mart's 30 second return will work is customers will start the process on Wal-Mart's mobile app before going to the store.

Wal-Mart Stores Inc. on 7/30/2017 reported its EPS as $0.98 with the analysts projecting the EPS of the stock as $0.96.

Walmart had redoubled its efforts to integrate stores and digital, introducing initiatives such as offering shoppers discounts if they pick up an online order in a store, and introducing express lanes for drug prescription pick-up and merchandise returns.

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The new experience will "make returning an item fast, easy - and maybe even a little enjoyable", as stated in a press release released by Walmart announcing the new process. One of the largest retailers in the United States, Walmart is grasping its substantial store footprint build inroads in opposition to its online competitors.

The company expects to add just 280 new, expanded or relocated stores globally for each of the fiscal years 2018 and 2019.

In November, a streamlined online return program will kick in. It's been acquiring smaller players like ModCloth, Moosejaw and Bonobos.

Costco announced last week that it has launched two grocery delivery services. (WMT) a strong rival to the e-commerce platform that it was approximately 18 months ago?

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