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Fly News Breaks for May 19, 2017
May 19, 2017 | 08:43 EDT
Cowen analyst Oliver Chen said Wal-Mart continues to execute in a difficult retail environment. He noted e-commerce sales were up 63% during the quarter and he believes they remain in the early innings. Chen believes Wal-Mart will continue to innovate and execute and thus reiterated his Outperform rating and $83 price target on Wal-Mart shares.
News For WMT From the Last 2 Days
Sep 20, 2017 | 05:42 EDT
Judith McKenna, COO, Walmart U.S. released the following statement regarding the traditional hiring of seasonal employees during the holidays: "The holidays are a special time of year for our customers and associates and also one of the busiest. To help customers save time and money this season, we are offering the extra hours available this time of year to our current associates rather than hiring thousands of seasonal workers. These extra hours will help staff traditional roles like cashier and stocker, and newly created technology-empowered positions such as personal shoppers and Pickup associates. This is the same approach we took last year, and we heard great feedback from our customers and associates. This is what working in retail is all about, and we know our associates have the passion to do even more this year. We've increased our focus on service through new training, tools and technology. Thousands of associates have completed training in our Pathways and Academy programs, which prepares them to more effectively serve customers, especially during this busy season. We are also bringing back the very popular Holiday Helper and increasing the number of Helpers we have in stores this season. These associates are dedicated to helping customers get through the stores faster by finding the shortest checkout line, opening registers as needed and will even quickly grab items customers might have forgotten. Our associates make the holidays come to life in our stores, and we are thankful for everything they do to help our customers have the best possible shopping experience. As we head into our busiest time of the year, we know associates are ready to deliver for our customers and help give them a memorable and affordable Christmas."
Sep 19, 2017 | 07:52 EDT
Wal-Mart is enabling customers using food stamps to order groceries online and pay in-person when they pick up their order at select locations, CNBC reports, citing the company. Customers previously had to present their electronic benefits transfer card during purchases as the U.S. Department of Agriculture, which handle the Supplemental Nutrition Assistance Program, requires customers pay for their purchases at the "actual time and place" of a sale. Reference Link
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