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Wal-Mart (WMT) to Open New Sam's Club Store in Columbia

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In order to drive sales, retail giant Wal-Mart Stores Inc. (WMT - Free Report) is set to open its latest Sam’s Club store in north east Columbia. This initiative should also strengthen the company’s foothold in the area.

The new store in Columbia will feature the Scan & Go shopping app and Club Pickup facility in order to make shopping convenient for customers.

The new Scan & Go shopping app will reduce the checkout time as customers can now scan the UPC codes on the products they intend to purchase and then pay directly through their phone from anywhere in the club.

The Club Pickup facility, on the other hand, allows customers to order items on the Sam’s Club’s official website, which will then be delivered within 24 hours.

The company has been making efforts to boost sales and maintain its share in a market which is being aggressively taken up by the online retail giants like Amazon.com Inc. (AMZN - Free Report) .

Last month, Wal-Mart introduced Wal-Mart Pay – a convenient way to shop in 150 Ohio and 100 Colorado stores. The company also expanded its free curbside pickup of groceries to eight cities including Kansas City and Austin in Apr 2016.

This Zacks Rank #2 (Buy) company plans to launch Walmart Pay in more than 4,500 U.S. stores by the first half of 2017. This indicates the company’s focus on accelerating its online business, facilitating shopping and competing effectively with other online retailers.

Key Picks in the Sector

Other stocks in the retail sector worth considering include The Dollar General Corporation (DG - Free Report) and Burlington Stores Inc. (BURL - Free Report) . Both these stocks hold a Zacks #2 (Buy).

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