Walmart Stock It hit a 52-week high on Monday (July 3) due to the company’s technology investments.
Analysts say that retail investments in technology have started to pay off during the pandemic and are expected to continue to do so, finding alpha. reported Monday (July 3)
Technologies cited in the report include applications in supply chain, third-party marketplaces, advertising and e-commerce — each of which is expected to grow due to Walmart’s investments in recent years.
Other factors contributing to Walmart’s rise — which has seen its stock rise 10.22% year to date — are its value proposition and its geographic coverage across the country, which is attracting consumers, the report said.
One innovation being deployed by Walmart is its proprietary storage and retrieval system. Shopping centers (MFCs)
Walmart reported in May that it opened a second MFC in Bentonville, Arkansas, after starting a proof-of-concept in January 2020 in Salem, New Hampshire.
Both MFCs are powered by Alphabet, which uses autonomous carts to pick up groceries ordered online and deliver them to a workstation, where the Walmart associate checks, bags and delivers the order.
“Fast and accurate online order fulfillment not only enhances the customer experience, but also gives us the runway to grow our business now and into the future.” Ryan SimpsonThe store manager at the Bentonville location, he said at the time.
A month ago, in April, Walmart a Redesigned website and app It is said to facilitate omnichannel experiences.
The digital redesign includes a scrolling feature similar to social media apps and encourages shoppers to browse the retailer’s product selection.
In the third innovation planned this year, Walmart announced B2B shopping website In January.
The Walmart Business site is an ecommerce site and “customer experience” for small and medium-sized businesses (SMBs) and nonprofit organizations, offering a “curated collection” of more than 100,000 items with category and navigation designed for institutional shoppers.
“Our focus is on removing complexity from shopping, reducing costs and providing more opportunities for our customers to serve their customers and communities,” said Walmart’s senior vice president and general manager of business. Ashley arms He said at the time.