The U.S. stock market was closed on Monday this week due to the Labor Day holiday. But when it opened on Tuesday major indexes tumbled by more than 1% in a single trading session. The Dow Jones industrial average fell by 234 points, posting its worst day since August 17. Financial stocks saw their steepest decline since earlier this year in May.One of the issues that … [Read more...]
Wal-Mart Plans for More Innovation
Last year, Wal-Mart's U.S. stores and Sam's Club brought in a combined revenue of $365.4 billion, which is about ten percent of all non-automotive retail in spending in the U.S. Most of the country's GDP depends on consumer spending. So having the market share of nearly one tenth of all retail spending is evidence of Wal-Marts size and shows how influential it can be on the … [Read more...]
Wal-Mart (WMT) Sees Growth in Online Sales
Walmart recently reported stronger than expected earnings, propped up by a large increase in selling products online. America's largest brick-and-mortar retailer said the value of all of its sales from online jumped by 69% compared with the same period last year. This is in part due to Walmart's acquisition of Jet.com for $3.3 billion, as well as a couple of other companies … [Read more...]
Wal-Mart (WMT) is Poised for a Strong Holiday Shopping Season
On Thanksgiving day many Americans opted for video games rather than mashed potatoes as consumers spent their savings online while searching for the best deals. And then on Black Friday even more people opened up their wallets. Although plenty of people shopped this year, they actually spent a little less on average than in 2015.The National Retail Federation (NRF) had … [Read more...]
Can Wal-Mart (WMT) Ever Match Amazon (AMZN) Online?
Wal-Mart (WMT) is the undisputed king when it comes to brick and mortar retailers, but its online sales have always lagged in comparison. Maybe Wal-Mart didn’t feel the pressure to make an enormous push to boost online sales, as it always outperformed other retailers when it came to revenues. The writing, however, is on the wall. While physical stores might never completely … [Read more...]
