Wal-Mart Promises 30-Second Returns In Stores


More interesting news about Wal-Mart Stores Inc (NYSE:WMT) were released by: Latimes.com and their article: "Wal-Mart, trying to hone its same-day delivery skills, buys New York's Parcel" published on October 03, 2017 as well as Reuters.com's news article titled: "Wal-Mart to speed up returns for items bought online" with publication date: October 09, 2017. Making returns of e-commerce orders quick, easy, and painless is important because about 30% of online purchases are returned, versus 9% of in-store buys, according to research cited by CNBC. Its arch-rival Amazon has wasted no time in setting up a similar system with its new retail subsidiary Whole Foods, which started accepting Amazon returns last month. Each returned item can either be returned for a refund or exchanged.

If you're exhausted of waiting in Walmart's return line, you'll be glad to know Walmart announced Monday that it's reinventing its return process.

Return on Assets, which is expressed as a percentage, tells us how well a public company is using its assets to turn a profit. It will initially be available for household items like shampoo but will eventually expand to other items over time. On average, analysts expect that Wal-Mart Stores will post $4.37 EPS for the current year. After scanning a QR code with their phone, customers just hand over the package to the Walmart associate. Community Financial Services Group LLC purchased a new position in shares of Wal-Mart Stores during the first quarter valued at about $1,435,000.

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Starting in December, Walmart says some items, like select personal care products or damaged items, won't even need to be returned to the store. Once they've done this, the items can be taken to the store for the return.

The retailer previously has introduced services like online grocery pickup, free two-day shipping without a membership fee and a discount pickup program that offers reduced prices on items if they are ordered online and collected at a store. The Mobile Express Returns is part of their "technology-powered offerings" which includes the Mobile Express Money Service and the soon to be launched Mobile Express Pharmacy. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and global copyright law. Mobile Express Returns kicks off in November. Van Hulzen Asset Management Limited Liability Company holds 2.78% in Wal-Mart Stores Inc (NYSE:WMT) or 92,612 shares. "Doing so also drives traffic to its stores, increasing the potential to add incremental sales as customers return goods". She said the retailer could run into problems with some customers who want to return products sold by those third-party vendors. Since the store would likely dispose of it anyway, Walmart will let customers keep the item and process the refund for the item instantly. "It's thinking about how we can create a more seamless shopping experience..."