127.98 +1.03 (0.81%)
Before hours: 4:15AM EDT
|Bid||127.30 x 800|
|Ask||128.72 x 1200|
|Day's range||118.22 - 127.55|
|52-week range||102.00 - 133.38|
|Beta (5Y monthly)||0.30|
|PE ratio (TTM)||24.14|
|Earnings date||18 Aug 2020|
|Forward dividend & yield||2.16 (1.82%)|
|Ex-dividend date||13 Aug 2020|
|1y target est||135.39|
What happened Shares of Walmart (NYSE: WMT) climbed 6.8% on Tuesday after news broke that the retail titan is gearing up to take on Prime from Amazon.com (NASDAQ: AMZN). So what Walmart will launch a new subscription service later in July, according to tech site Recode.
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Retail giant Walmart (NYSE: WMT) is launching a subscription program later this month. The Walmart+ membership program will include fuel discounts, same-day shipping at no additional cost, and other perks, at an annual cost of $98. Walmart's subscription-plan ambitions were reported by Recode on Tuesday and confirmed by Bloomberg's anonymous insider sources.
By Christiana SciaudoneInvesting.com -- Amazon.com Inc. (NASDAQ:AMZN)shares dropped Tuesday as the e-commerce giant braces for Walmart’s rival Prime service to start operations this month.Walmart (NYSE:WMT) is up 4% to $123.65, trading close to the record $132.33 that it hit in April. Amazon closed at a record $3,057.04 Monday, up from $1,898 at the start of the year. Amazon was down 0.3% in midday trading on Tuesday.Walmart+ will cost $98 a year and include same-day grocery delivery, fuel discounts and other benefits, Vox reported, citing Recode. Amazon Prime, created in 2005, charges an annual fee of $119.The membership program was to have begun earlier this year but was delayed because of the coronavirus pandemic. Amazon is the biggest e-commerce retailer with a 38.7% share of the U.S. market, compared to Walmart, in second place with 5.3%, according to eMarketer. The Statista website reports that Amazon Prime has 112 million members in the U.S. Prime includes entertainment like video and music streaming, and Walmart plans to add video capacity at some point to its membership program. On July 1, Walmart announced a virtual summer camp and drive-in movie theaters in its parking lots.
Walmart (NYSE: WMT) is stepping up as so many other major corporations have during the COVID-19 pandemic. The retailer announced it will be working with Tribeca Enterprises, a Robert De Niro backed media company, to transform 160 of its store parking lots into drive-in movie theaters for 320 total showings across the country this summer. It has also teamed up with celebrities to create Camp by Walmart to, as the company said, "bring summer fun to kids across the country through a new camp designed for the internet."
Walmart (WMT) closed the most recent trading day at $119.21, moving -0.4% from the previous trading session.
Just ahead of the Fourth of July weekend, Walmart announced a partnership with Tribeca Enterprises (most notably the purveyors of the film festival of the same name) that’s set to convert 160 store locations into makeshift drive-in movie theaters. The move is an extension of the existing Tribeca-led Drive-In program that has already announced events for a handful of cities, including Los Angeles, New York, Miami, Seattle and Arlington, Texas, with help from IMAX and AT&T. The Hollywood Reporter has a bit more detail about the new initiative. Walmart Drive-In follows a number of smaller scale initiatives that have helped the largely extinguished category see a resurgence as consumers are understandably wary of returning to an indoor theater experience as COVID-19 continues to spike across the country.
Walmart (WMT) is teaming up with Tribeca Enterprises to offer a drive-in movie experience. It is converting 160 store parking lots to contact-less theatres.
Target (NYSE: TGT) is adding groceries to its curbside pickup program, Drive Up. After successful tests in Minneapolis, Target expanded grocery pickup to 400 stores in the Midwest, and it plans to cover all 1,500 stores by the holidays. While all of e-commerce is growing rapidly amid the coronavirus pandemic, online grocery sales have led the way.
Shares of Shopify (NYSE: SHOP) gained 25.3% in June, according to data from S&P Global Market Intelligence. Walmart announced on June 15 that it would feature select Shopify stores on its third-party online retail marketplace -- a development that could have big implications for the competitive landscape in the e-commerce space. Walmart is investing to build its online retail business, and bringing products from Shopify stores on to its e-commerce platform could help both companies challenge Amazon.com's dominance in the space.
Summer is here and yet social distancing measures have drained pool parties, stalled out family vacations and left camp bunks bare. Now parents are in the hot seat to keep summer 2020 sweet for their kids. That’s why, today, Walmart announced two new experiences to help families make memories together, by reimagining how they can turn parking lots and backyards into ‘can’t forget’ experiences. The first, Camp by Walmart, is a free star-studded virtual camp that brings summer fun directly to customers’ own backyards, and the second, in partnership with Tribeca Enterprises, is a touring drive-in movie theater that will transform Walmart parking lots into outdoor cinemas.
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Walmart (NYSE: WMT) grew online sales 74% in the first quarter. In the press release announcing its earnings results, management attributed the acceleration in online sales growth to "strong results for grocery pickup and delivery services." A couple of other notable items from Walmart's report include gross margin contraction of 66 basis points and lower losses for its eCommerce operations.
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Walmart (WMT) closed the most recent trading day at $118.32, moving -1.16% from the previous trading session.
Walmart Inc. says it will continue to review its policy on working with suppliers that deploy prison labor, as part of its review of overall practices in the wake of civil unrest over racial inequality. The nation's largest retailer said a “small number" of its U.S. suppliers use voluntary labor as part of prison rehabilitation programs as permitted by law, according to an emailed statement from spokesperson Tricia Moriarty. The company’s policies “strictly prohibit involuntary prison labor” and these programs pay inmates “prevailing wages," company said.
Shoppers at Walmart in Mississippi won't see their state flag in the store. The retailer said Tuesday it will no longer display the flag while the banner's design is under debate. The upper left quadrant of Mississippi's flag displays the Confederate flag emblem. The Mississippi Baptist Convention, an association of Baptist churches, says that emblem "hurt and shamed" many people. It is calling for a new flag. It says lawmakers are morally obligated to remove the emblem. Amid the global demonstrations against racism and police brutality sparked by the death of George Floyd - an unarmed Black man- protestors have demanded that authorities take down monuments, statues and emblems that honor pro-slavery Confederate figures. Walmart's Canadian operations are also facing pressure. Social media users have complained about links to products sold on the Walmart Canada site such as an "All Lives Matter" shirt. Walmart said that shirt was sold and shipped by a third-party seller. It said it was reviewing items in its "third-party marketplace" that contain variations of the phrase, "lives matter."
Walmart (WMT) has been focused on enhancing omnichannel operations, all the more owing to the rising preference for online shopping amid the pandemic-led social distancing.
Flipkart on Wednesday added support for three more local languages as the Indian e-commerce giant looks to widen its foothold in smaller cities and towns across the country where fewer people speak English and Hindi. The Walmart -owned firm said its online marketplace now has interfaces in Tamil, Telugu and Kannada, three languages that are spoken by roughly 200 million people in India. Today’s announcement follows Flipkart adapting its interface in Hindi language on its website and app last year.