Bloomberg reports that Walmart "expects to be in heavy investment mode for the next 18 to 24 months as the company improves the way it handles inventory and outfits more locations with in-store pickup for online orders.
The Bentonville, Arkansas-based company also is working to make pricing more competitive in private-label products and bolstering its grocery business, Wal-Mart executives said Wednesday in a presentation to analysts."
Greg Foran, head of Wal-Mart’s U.S. operations, told the meeting that "we have as a top priority to grow sales and market share. And that starts with improving the core and concurrently investing for the future.”
Fox Business reports that "Foran, responding to a question from an analyst, said he wouldn’t discount initiating a loyalty program at Wa-Mart, something the company hasn’t done, but that the best way to retain customers is to offer the 'right price' in the first place. 'But I never discount anything,' he said."
The Bentonville, Arkansas-based company also is working to make pricing more competitive in private-label products and bolstering its grocery business, Wal-Mart executives said Wednesday in a presentation to analysts."
Greg Foran, head of Wal-Mart’s U.S. operations, told the meeting that "we have as a top priority to grow sales and market share. And that starts with improving the core and concurrently investing for the future.”
Fox Business reports that "Foran, responding to a question from an analyst, said he wouldn’t discount initiating a loyalty program at Wa-Mart, something the company hasn’t done, but that the best way to retain customers is to offer the 'right price' in the first place. 'But I never discount anything,' he said."
- KC's View:
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The two things that I think Walmart should do to really make a difference would be the fast rollout of click-and-collect pickup centers and the creation of some sort of a loyalty program. They would be major game-changers ... and I would not be surprised to find out that these two items are on Walmart's short-term agenda.
