In this file:

 

·         First-Of-Its-Kind Walmart Pickup Point Opens In Lincolnwood

Local officials celebrated the opening of the company's largest self-standing grocery and pickup delivery location in the U.S.

 

·         Walmart Remains Steady on NRF Top 100 Retailers List

·         Walmart Reportedly Faces $1B In E-Commerce Losses, May Sell ModCloth

·         Why you shouldn't care about Walmart losing $1 billion a year online

·         Walmart unveils 16-foot-tall, high-tech vending machines as part of $35.6 million remodeling in Nebraska

 

 

First-Of-Its-Kind Walmart Pickup Point Opens In Lincolnwood

Local officials celebrated the opening of the company's largest self-standing grocery and pickup delivery location in the U.S.

 

By News Desk, News Partner

via Patch Skokie - Jul 8, 2019

 

From Serafin & Associates: Walmart will open the first-of-its-kind Lincolnwood Pickup Point on Wednesday, July 10th at 6840 N McCormick Blvd in Lincolnwood. The Lincolnwood Walmart Pickup Point will fulfill online orders for groceries, health and wellness items and products used for daily life like diapers, household cleaners, pet supplies and office supplies in a matter of minutes.

 

Today, Walmart hosted a ribbon-cutting at the Lincolnwood Pickup Point for associates and elected officials. Festivities included tours of the 40k square-foot facility, refreshments and giveaways from on-site vendors.

 

"We're very excited to welcome Walmart's first Pickup Point in Illinois to our village," said Lincolnwood Village President Barry Bass. "Walmart's commitment to bring this new innovative service to the Village of Lincolnwood will create new jobs and generate new revenue for the Village, while providing a great new service for our residents."

 

How Lincolnwood Walmart Pickup Point Works:

 

more

https://patch.com/illinois/skokie/first-its-kind-walmart-pickup-point-opens-lincolnwood

 

 

Walmart Remains Steady on NRF Top 100 Retailers List

 

By Jessica Guyon, DealerScope

July 8, 2019

 

As is the case with our own rankings of the top CE retailers, the NRF’s STORES Top 100 Retailers seems to have the same heavy hitters dominating the list every year. For them, it’s Walmart who raked in some $387.6 billion in retail sales last year. Our own No. 1 (in terms of consumer electronics sales only), Amazon posts about a third of what Walmart generates in retail sales at $120.9 billion.

 

Many estimates point towards food sales as one of Walmart’s top sales generators. While Amazon itself is not a major player in the grocery market, Whole Foods—which Amazon acquired back in 2017—most definitely is. On the other side of the pond, Walmart recently upped its e-commerce game, matching delivery times to that of Amazon. But when it all comes down to it, Amazon’s numbers are almost laughable when pitted next to Walmart. Still, Amazon remains a threat to Walmart, and rightfully so.

 

"No. 2 Amazon.com's retail business is nowhere near as large as No. 1 Walmart's, but Amazon is easily the most disruptive and influential force in the retail industry," the story reads. "The company sells merchandise from all manner of vendors and suppliers, via both online commerce and through a variety of physical stores. Amazon also provides a digital marketplace for unaffiliated retailers to sell their wares."

 

Many analysts believe, however, that Walmart may be facing a bigger beast in dollar stores...

 

more, including links

https://www.dealerscope.com/article/walmart-remains-steady-on-nrf-top-100-retailers-list/

 

 

Walmart Reportedly Faces $1B In E-Commerce Losses, May Sell ModCloth

 

Retail TouchPoints

08 July 2019

 

Walmart is reportedly projecting losses of more than $1 billion for its U.S. e-Commerce division, and some executives are allegedly pushing for the sale of ModCloth, people familiar with the matter told Recode. The retailer’s e-Commerce revenue is expected to reach between $21 billion and $22 billion this year, but this income is allegedly being offset by acquisitions of new brands and expensive programs such as next-day shipping.

 

The digital division’s losses aren’t necessarily devastating for Walmart: the company reported nearly $7 billion in overall profits in 2018. However, sources claim executives are putting pressure on Marc Lore, President and CEO of Walmart eCommerce U.S., to curb the decline by reducing the amount spent on e-Commerce initiatives.

 

Three sources claim the retailer has decided to stop purchasing pure play e-Commerce brands for at least the next year as part of this effort, barring “an incredible acquisition opportunity that is just too good to pass up.” The moratorium could be due to the performance of Walmart’s recent acquisitions ModCloth, Bonobos and Eloquii, which have not yet become profitable, according to the sources.

 

Additionally, ModCloth will “likely” be sold. Executives briefly pursued the sale of Bonobos but ultimately decided against it, according to people familiar with the matter. Walmart will reportedly still incubate its own new internal brands, but will put the focus on items that can be sold both on Walmart.com and at Walmart stores.

 

Another area where Walmart has reportedly shown reluctance about heavy investments is new warehouses. Lore says the company...

 

more, including links

https://www.retailtouchpoints.com/features/news-briefs/walmart-reportedly-faces-1b-in-e-commerce-losses-may-sell-modcloth

 

 

Why you shouldn't care about Walmart losing $1 billion a year online

 

Brian Sozzi, Yahoo Finance

July 8, 2019

 

What, it’s OK for ginned up investors to heap praise upon money losing IPOs such as Crowdstrike (CRWD), Fiverr (FVRR) and Beyond Meat (BYND) and yet come out firing against the nicely profitable retailer Walmart (WMT) for reportedly losing big bucks online?

 

Give me a break.

 

Anyone who has followed Walmart for some time (like yours truly) is keenly aware — keep in mind Walmart does not disclose profits for its online business (though it should) — that the company’s U.S. online business is a money pit as it invests in software, techie human beings and various new services to stay competitive with Amazon (AMZN) and Target (TGT). Walmart has no other choice but to make these investments if it wants to win over time both in the digital realm and its physical stores, which play home to services such as picking up orders placed online.

 

What’s the alternative? Walmart sells off its online business in pieces to Amazon, Big Lots and Kroger (KR) and just operates thousands of physical stores in a world where foldable cell phones are around the corner. Get real people — that would be destroying value for Walmart shareholders over the long-term.

 

$1 billion in losses may be conservative ...

 

Walmart has to invest in the future ...

 

more

https://finance.yahoo.com/news/who-cares-if-walmart-is-losing-1-billion-a-year-online-as-it-battles-amazon-183420696.html

 

 

Walmart unveils 16-foot-tall, high-tech vending machines as part of $35.6 million remodeling in Nebraska

 

From staff reports

via Omaha World-Herald (NE) - July 9, 2019

 

Walmart says it plans to spend about $35.6 million in Nebraska during the next year for the remodeling of seven stores.

 

The renovations will include installation of “pickup towers’’ — 16-foot-tall towers that Walmart describes as high-tech vending machines capable of fulfilling a customer’s online order in less than a minute.

 

Gretna residents got their first look Friday at the newly remodeled Walmart Supercenter at 11350 Wickersham Blvd. during a grand reopening celebration.

 

The Gretna store also showed off the following improvements: an electronics department with interactive displays; a tool department with a new look and added variety; updated apparel departments; a new layout and larger assortment in the home department; and additional self-checkouts.

 

To use the pickup tower, customers choose from items available on Walmart.com and select the pickup option at checkout. When the item arrives at the local store, an associate loads it into the pickup tower and the customer retrieves it by scanning a bar code sent to his or her smartphone...

 

more

https://www.omaha.com/money/walmart-unveils--foot-tall-high-tech-vending-machines-as/article_8e89cd3e-ee2d-52b4-ae2a-20812b770b9f.html