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Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
MarketBeat· 2024-10-23 12:45
Walmart TodayWMTWalmart$82.02 +1.21 (+1.50%) 52-Week Range$49.85▼$82.22Dividend Yield1.01%P/E Ratio42.64Price Target$83.51Add to WatchlistIt's been a good year in the stock market so far; however, one group of companies that hasn’t performed as well as others are those in the consumer staples sector. This includes companies making and selling essential products like food. The Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP has provided a total return of only around 15% this year, while the S&P 500 is ...
Walmart to deliver prescriptions directly to customers in hit to sinking CVS, Walgreens
New York Post· 2024-10-22 17:14
Walmart announced on Tuesday it will start delivering prescriptions straight to consumers’ doors in as little as 30 minutes – threatening to further cripple struggling pharmacies like CVS and Walgreens.The discount retailer has made its prescription delivery option available in Arkansas, Missouri, New York, Nevada, South Carolina and Wisconsin, the company said.Walmart expects the delivery option will be available in 49 states by the end of January — leaving out only North Dakota due to state laws. 3 Walm ...
Walmart launches nationwide same-day prescription delivery
Fox Business· 2024-10-22 16:16
Walmart announced on Tuesday that it will deliver prescription drugs from stores directly to customers as it competes with rivals like Amazon. The Arkansas-based retailer is joining a list of companies including Amazon, CVS and Walgreens that have embraced the trend of delivering prescriptions directly to consumers that have become more reliant on e-commerce. Walmart's service applies to both new prescriptions along with medication refills, according to the retailer. All medication – barring some exceptions ...
Walmart Begins Rollout of Same-Day Delivery of Prescription Medications
PYMNTS.com· 2024-10-22 15:40
Walmart has begun rolling out same-day delivery of prescription medications.The company launched this offering in six states and plans to expand it to 49 states by the end of 2025, Walmart said in a Tuesday (Oct. 22) press release.This Pharmacy Delivery service is available for both new prescriptions and refills, and it is integrated with the company’s general merchandise delivery offering so that customers can get everything they need in a single order, according to the release.“By combining Pharmacy Deliv ...
Walmart will start delivering prescriptions to customers' doorsteps as CVS and Walgreens struggle
CNBC· 2024-10-22 12:03
Walmart will start to deliver prescriptions to customers' doorsteps. Customers can also get additional items dropped off along with medications, such as groceries.As CVS and Walgreens shutter hundreds of stores nationwide to shore up profits and investor sentiment, Walmart said Tuesday that it is offering a new option for customers: Delivering prescriptions to their doorsteps.The nation's largest retailer said deliveries are now available in six states: Arkansas, Missouri, New York, Nevada, South Carolina a ...
Aldi, Walmart, others tout Thanksgiving meal deals
Fox Business· 2024-10-18 17:41
Major U.S. grocers are going head-to-head, offering similar discounted Thanksgiving meal baskets to lure in cost-conscious customers who are squeezed by high prices.  Although overall inflation has fallen significantly, inching closer to the Federal Reserve's intended 2% target, prices for some food items remain up by double-digits. Primerica's latest Financial Security Monitor survey polled households making between $30,000 and $130,000 annually and discovered that 40% of respondents cited inflation as the ...
Richtech Robotics Expands Agreement with Ghost Kitchens to Manage 20 Additional Walmart-Located Restaurants, Growing its Restaurant Operations Model
GlobeNewswire News Room· 2024-10-17 12:30
Company’s subsidiary, AlphaMax Management LLC, will optimize operations through the use of robotics and AI cloud technology at restaurants across Arizona, Colorado, and Texas LAS VEGAS, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, today announces that it is expanding its restaurant operations model with the signing of a binding Letter of Intent (LOI) with Ghost Kitchens America. Under the te ...
Why the Market Dipped But Walmart (WMT) Gained Today
ZACKS· 2024-10-15 22:51
Walmart (WMT) ended the recent trading session at $81.65, demonstrating a +1.69% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.75%, and the technology-centric Nasdaq decreased by 1.01%.The world's largest retailer's shares have seen a decrease of 0.34% over the last month, not keeping up with the Retail-Wholesale sector's gain of 3.42% and the S&P 500's gain of 4.31%.The investment community will be payin ...
Walmart US CEO says retail giant is doing 'everything' it can to keep prices lower
Fox Business· 2024-10-15 10:25
Walmart's U.S. chief vowed to do "everything" he can to keep prices low, as the nation grapples with recent disasters and inflation amid a quickly approaching holiday shopping season. "Before the storms hit, really, we weren't seeing any real inflation across the business with probably the exception of the dairy category. And as you know, these commodity categories, they can move around a bit. But we've been working on a lot of things to keep prices lower, and keep prices at the point they were last year an ...
WMT's New AI-Driven Shopping Experience: What it Means for Customers
ZACKS· 2024-10-14 17:16
Walmart Inc. (WMT) is taking retail to a new level where shopping becomes more personal and convenient than ever. The retail giant has laid out an ambitious plan to integrate artificial intelligence (AI), generative AI (GenAI), augmented reality (AR) and immersive commerce into its stores and digital platforms.This initiative aims to create a hyper-personalized experience, adapting to each customer’s needs and shopping preferences. Whether shopping in-store, online or through an app, customers will find tha ...