In this file:
· US: Wal-Mart finds way to appeal to millennial shoppers
· China: Wal-Mart plans to open 40 hypermarkets every year
Wal-Mart finds way to appeal to millennial shoppers
Analysts say the retail giant’s reputation has improved among a key demographic
By Tonya Garcia, MarketWatch
Oct 12, 2017
All of the changes and upgrades at Wal-Mart Stores Inc. could be helping to improve its reputation with an important demographic: millennials.
Following the company’s Tuesday investor event, analyst notes have been upbeat for a number of reasons. At Susquehanna Financial Group, analysts said the retail giant’s recent moves might be making a positive impression on young shoppers.
“The brand perception of Wal-Mart has improved significantly, which we believe will help bring in higher value brands and more millennial shoppers,” analysts led by Bill Dreher wrote in a Wednesday note. “Following the meeting, we are now more convinced than ever that Wal-Mart is on the correct path to secure its position in the retail landscape of tomorrow.”
Susquehanna rates Wal-Mart WMT, -0.19% share positive, and raised its price target to $99 from $93.
Cowen & Company focused its praise on the “aggressive and innovative strategies to leverage its store network, which we believe provides strategic advantages over both brick-and-mortar and online competition.” On the long list of highlights, analysts led by Oliver Chen highlight the retailer’s Mobile Express initiatives, online grocery expansion, and the ways it is using its acquisition of Jet.com.
Still, analysts say there are risks to doing so much...
Wal-Mart plans to open 40 hypermarkets every year
By Zhu Wenqian, China Daily
The world's largest retailer Wal-Mart said on Wednesday in Beijing that it plans to open 30 to 40 hypermarkets in China every year, and to increase the proportion of compact hypermarkets in the country. These stores are nearly 40 percent smaller than the usual.
Currently, Wal-Mart has more than 400 hypermarkets in China, including three compact hypermarkets. These compact stores have more restaurants and service-oriented shops in the rental areas, and more automatic facilities such as self-service weighing machines and self-service checkout desks.
"As one of the fastest-growing markets globally, China has a significant room for growth, and we plan to do more innovations in the forms of operation," said Wern-Yuen Tan, president of Wal-Mart Stores China...