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Acquisitions play a key role in Walmart's growth strategy. (AP Photo / Tony Gutierrez, File)
In another sign that
Walmart
Walmart, which also held its annual investment meeting on Tuesday, lowered earnings guidance for the year to $ 2.65 a share from $ 2.80 a share from $ 3.05 a share. The purchase of Flipkart would negatively impact profit by 25 cents, Walmart said.
For the next fiscal year, the retailer, based in Bentonville, Arkansas, expects profits of up to $ 4.80. sharing, down from his previous vision up to $ 5.05 a share.
Shares of Walmart, a component of Dow, rose 2% in mid-day, but investors also suggest that investors in Walmart take a page of Amazon investors and are increasingly willing to take a profit in exchange for the growth of their market shares.
In addition, Brett Briggs, chief financial officer of Walmart, said Walmart would seek to minimize any potential price increases for consumers and that two-thirds of the products purchased by Walmart in the United States came from the United States.
For Walmart USA – the company's largest unit, accounting for three-fifths of its business and the main interest of investors – Walmart expects online sales to increase by 35% in the next fiscal year. which is slightly lower than the 40% growth forecast this year. He predicted that Walmart's comparable sales in the United States would increase by 3% in the next fiscal year. This follows August's release by Walmart of the United States of its best comparable quarterly sales for more than 10 years, with online sales up 40% better than expected.
While Walmart is focusing on online investing to compete with Amazon, the company has announced the opening of less than 10 Walmart stores in the US next year.
In addition to online spending, investments of approximately $ 11 billion will be spent on store renovations, technology and customer initiatives, Walmart said. For groceries, Walmart's largest product segment and one of the key drivers of its online and in-store traffic, the company has indicated that the number of collection points will increase to 3,100, compared to more than 1,800 announced in August. Walmart will expand grocery delivery to 1,600 outlets after announcing plans to reach approximately 40% of the US population by the end of the year.
The grocery store is only one element of the company's online strategy. For convenience and one-stop customers, Walmart's e-commerce initiatives in the US included a shopping spree, including the purchase this month of Bare Necessities online lingerie retailer and retailer Bare Necessities. Plus size fashion Eloquii. Walmart has also opened an e-book store and recently reorganized Jet.com, its largest US purchase in 2016, by positioning it squarely as a site targeting the great millennia of urban areas.
As part of this relaunch, Bonobos, a men's clothing brand acquired by Walmart, is now sold on Jet.com, although it is absent Walmart.com.
Internationally, Flipkart "is transforming Walmart's position in a country with more than $ 1.3 billion in people, strong GDP growth, a growing middle class, and an important track for smartphone penetration. 39, internet and e-commerce ", Walmart, which now holds 77% stake in Flipkart. , said in August.
With last-mile delivery now an important differentiator for global e-commerce players, Walmart decided in September to acquire Cornershop, an online market for on-demand and on-demand distribution in Mexico. and in Chile.
The evolution of global consumer spending will drive Walmart to continue to grow.
Related to Forbes: Why Walmart Has Just Purchased Bare Necessities
Related Forbes: Fares should accelerate China's garment manufacturing output
About Forbes: Why Walmart Just Transformed Deep Jet.com
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Acquisitions play a key role in Walmart's growth strategy. (AP Photo / Tony Gutierrez, File)
In another sign that
Walmart
Walmart, which also held its annual investment meeting on Tuesday, lowered earnings guidance for the year to $ 2.65 a share from $ 2.80 a share from $ 3.05 a share. The purchase of Flipkart would negatively impact profit by 25 cents, Walmart said.
For the next fiscal year, the retailer, based in Bentonville, Arkansas, expects profits of up to $ 4.80. sharing, down from his previous vision up to $ 5.05 a share.
Shares of Walmart, a component of Dow, rose 2% in mid-day, but investors also suggest that investors in Walmart take a page of Amazon investors and are increasingly willing to take a profit in exchange for the growth of their market shares.
In addition, Brett Briggs, chief financial officer of Walmart, said Walmart would seek to minimize any potential price increases for consumers and that two-thirds of the products purchased by Walmart in the United States came from the United States.
For Walmart USA – the company's largest unit, accounting for three-fifths of its business and the main interest of investors – Walmart expects online sales to increase by 35% in the next fiscal year. which is slightly lower than the 40% growth forecast this year. He predicted that Walmart's comparable sales in the United States would increase by 3% in the next fiscal year. This follows August's release by Walmart of the United States of its best comparable quarterly sales for more than 10 years, with online sales up 40% better than expected.
While Walmart is focusing on online investing to compete with Amazon, the company has announced the opening of less than 10 Walmart stores in the US next year.
In addition to online spending, investments of approximately $ 11 billion will be spent on store renovations, technology and customer initiatives, Walmart said. For groceries, Walmart's largest product segment and one of the key drivers of its online and in-store traffic, the company has indicated that the number of collection points will increase to 3,100, compared to more than 1,800 announced in August. Walmart will expand grocery delivery to 1,600 outlets after announcing plans to reach approximately 40% of the US population by the end of the year.
The grocery store is only one element of the company's online strategy. For convenience and one-stop customers, Walmart's e-commerce initiatives in the US included a shopping spree, including the purchase this month of Bare Necessities online lingerie retailer and retailer Bare Necessities. Plus size fashion Eloquii. Walmart has also opened an e-book store and recently reorganized Jet.com, its largest US purchase in 2016, by positioning it squarely as a site targeting the great millennia of urban areas.
As part of this relaunch, Bonobos, a men's clothing brand acquired by Walmart, is now sold on Jet.com, although it is absent Walmart.com.
Internationally, Flipkart "is transforming Walmart's position in a country with more than $ 1.3 billion in people, strong GDP growth, a growing middle class, and an important track for smartphone penetration. 39, internet and e-commerce ", Walmart, which now holds 77% stake in Flipkart. , said in August.
With last-mile delivery now an important differentiator for global e-commerce players, Walmart decided in September to acquire Cornershop, an online market for on-demand and on-demand distribution in Mexico. and in Chile.
The evolution of global consumer spending will drive Walmart to continue to grow.
Related to Forbes: Why Walmart Has Just Purchased Bare Necessities
Related Forbes: Fares should accelerate China's garment manufacturing output
About Forbes: Why Walmart Just Transformed Deep Jet.com
