Image can be found at: http://www.altaviawatch.com/wp-content/uploads/2017/04/Wal-Mart-offers-discounts-for-online-orders-picked-up-in-store.jpg

Wal-Mart Shifts Focus and Makes Huge Gains

October 11, 2017
115 Shares 2,775 Views

While the rest of retail withers away, Wal-Mart is taking off. According to CNBC, the company is set for a:

20 billion share repurchase program to replace its existing plan, announced in October 2015. The new authorization will be used over a two-year period,

The move cements Wal-Mart’s position at the top of the food chain. While the rest of retail has suffered (Sears, Toys R’ Us, JC Penney, etc.) the retail giant has reinvented the way it does business.

Reuters reports that the company is also aiming for a 40% increase in e-commerce sales, which drove stock prices up over 4.5%.

“We are going to lean into places like technology, e-commerce, international stores,” Wal-Mart Chief Financial Officer Brett Biggs,

Of all of the major retailers, Wal-Mart has been one of the most efficient in terms of adapting to the changing market place. Both Reuters and CNBC are clear that the move is a direct response to Amazon’s infringement on the retail sector as a whole.

While other brick-and-mortar retailers such as Costco have announced that they will explore online sales, Wal-Mart is truly diving into the deep end with this new forecast.

Now look like a fantastic time to start looking at Wal-Mart as a potential investment idea. The company seems poised for the future and CFO Brett Biggs said:

“Our financial position is strong, which allows us to invest in the business while returning significant cash to shareholders,”

The fiscal strength and strong strategic vision of the company could see it continue its success for some time.

To read CNBC’s article on Wal-Mart’s announcement, click here.

To read Reuters’ article on Wal-Mart’s announcement, click here.

[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=BKTzq&webforms_id=14431602″ css=”on” center=”off” center_margin=”200″/]

You may be interested

Job Hiring is Picking Up as Employers and Consumers Gain Confidence
Economy
558 views
Economy
558 views

Job Hiring is Picking Up as Employers and Consumers Gain Confidence

Lamont J - March 29, 2021

The recent government stimulus for small and medium-sized businesses, personal stimulus checks, and declining Coronavirus cases, are all great news…

Fed Could Maintain 0% Interest Rate Until 2024
Economy
499 views
Economy
499 views

Fed Could Maintain 0% Interest Rate Until 2024

Adam R - March 26, 2021

The Federal Reserve is holding its target interest rate in a range of 0.00% - 0.25%, even while the economy…

Supply Constraints Could Slow the Home Market
Economy
565 views
Economy
565 views

Supply Constraints Could Slow the Home Market

Becky H - March 25, 2021

Low inventory has been a constant in the home market for more than a year. The supply of existing and…