In the USA, the company said it would open less than 15 Supercenters and fewer than 10 Neighborhood Markets in 2019.
While Amazon still can't match Walmart's massive physical infrastructure, it's made some headway towards catching up by allowing online returns in each of its almost 500 newly acquired Whole Foods stores and inking a deal with Kohl's to allow them at certain Los Angeles and Chicago locations. The company also plans to at least double the number of its US stores that offer online grocery pickup. It also sees full-year 2019 EPS rising 5% to around $4.52 to $4.62.
Wal-Mart Stores Inc. on 7/30/2017 reported its EPS as $0.98 with the analysts projecting the EPS of the stock as $0.96. The division saw increases of at least 60 per cent in the past two quarters, four times the growth rate of the broader e-commerce sector.
In September, Walmart announced it is testing a service that delivers groceries straight to customers' fridges when they're not home. Representatives announced recently that the return process for online shoppers is about to become both easier and faster. There are plans to offer refunds for certain items completely online. That represents a slowdown from about 20 this year.
Carol Spieckerman, a retail consultant and president of Spieckerman Retail, believes Wal-Mart's new return options are another "real step in the right direction" in finding solutions to problems that often can alienate customers.
The world's biggest retailer confirmed its profit forecasts for fiscal 2018, and projected a five percent growth in adjusted earnings per share in fiscal 2019. "We're executing our strategy and moving with speed to win with the customer, who is more connected than ever". That company generated the majority of its roughly $136 billion in sales from online shopping a year ago.
A key to Wal-Mart's e-commerce push is leveraging its extensive network of physical store locations.
In pre-market trading, shares of Walmart were up 1.79 percent at $81.97. While talking about the groceries, Wal-Mart is already leading in the United States' market and is considered the best in driving over half its US earnings from this particular category.
Wal-Mart, which is battling Amazon for market share, has been investing in its online business and letting customers pick up online orders at its 4,700-plus stores.