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Walmart's (WMT) Utah Fulfillment Center to Aid E-commerce Wing
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Walmart Inc. (WMT - Free Report) remains committed to enriching its customers’ experience by enhancing its supply-chain network. In a latest development, management shared plans of developing its first fulfillment center in Salt Lake City, UT, to efficiently support the e-commerce business. The facility aims to effectively fulfill the online orders placed on WMT’s site.
This 1,000,000+ square-feet facility will efficiently cater to customers’ requirements with quick shipping on everyday items they need every day. The latest state-of-the-art facility, which is situated at 990 N 6550 W, is slated to open doors in summer next year. We note that the fulfillment centers are integral to Walmart’s supply-chain network. These fulfillment centers store various items that are picked, packed and shipped directly to customers, serving them quickly and efficiently.
Impressively, the facility is likely to create around 450 full-time, permanent job positions across the region. Walmart presently operates three distribution centers and 59 retail outlets plus employs 20,000+ associates in Utah.
In third-quarter fiscal 2022, Walmart’s e-commerce sales surged 87% on a two-year stack basis, while Walmart Connect advertising sales soared roughly 240%. WMT’s e-commerce business and omni-channel penetration have been increasing for a while. WMT has been taking several e-commerce initiatives, including buyouts, alliances, and improved delivery and payment systems. Management is continuously boosting supply chain and adding capacity as well as building businesses, such as Walmart GoLocal, Walmart Connect, Walmart Luminate, Walmart+, Spark Delivery, Marketplace and Walmart Fulfillment Services.
What’s More?
Walmart took robust strides to strengthen its delivery arm, as evident from its investment in DroneUp, a pilot with HomeValet, introduction of Carrier Pickup by FedEx, launch of Walmart+ membership program, drone delivery pilots in the United States with Flytrex and Zipline, and a pilot with Cruise to test grocery delivery through self-driven all-electric cars.
Walmart had also forged an alliance with DoorDash to deliver prescriptions from pharmacies of Sam’s Club alongside expanding Scan & Go to all fuel stations at U.S. Sam’s Clubs. WMT’s store and curbside pickup options further add to customers’ convenience. As of the third quarter of fiscal 2022, Walmart U.S. had 4,300 pickup locations and 3,300 same-day delivery stores.
Aforesaid endeavors helped this currently Zacks Rank #3 (Hold) player’s shares to increase 19.3% in the past six months compared with the industry’s 5.6% growth.
Boot Barn Holdings, a lifestyle retailer of western and work-related footwear, apparel and accessories, sports a Zacks Rank #1 (Strong Buy) at present. The stock has jumped 187% in the year-to-date period. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Boot Barn Holdings’ current financial-year sales and earnings per share (EPS) suggests growth of 54.6% and 188%, respectively, from the year-ago period’s corresponding figures. BOOT has a trailing four-quarter earnings surprise of 35.3%, on average.
Tractor Supply Company, a rural lifestyle retailer in the United States, flaunts a Zacks Rank of 1, currently. TSCO has a trailing four-quarter earnings surprise of 22.8%, on average. Shares of TSCO have surged 59.6% year to date.
The Zacks Consensus Estimate for Tractor Supply Company’s current-year sales and EPS suggests growth of 19% and 23.9%, respectively, from the year-ago period’s corresponding readings. TSCO has an expected EPS growth rate of 10.2% for three-five years.
Target, a renowned omni-channel retailer, presently carries a Zacks Rank #2 (Buy). TGT has a trailing four-quarter earnings surprise of 19.7%, on average. The stock has rallied 36.1% in the year-to-date period.
The Zacks Consensus Estimate for Target’s current-year sales and EPS suggests growth of 13.9% and 40.1%, respectively, from the corresponding year-ago period’s levels. TGT has an expected EPS growth rate of 14.4% for three-five years.
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Walmart's (WMT) Utah Fulfillment Center to Aid E-commerce Wing
Walmart Inc. (WMT - Free Report) remains committed to enriching its customers’ experience by enhancing its supply-chain network. In a latest development, management shared plans of developing its first fulfillment center in Salt Lake City, UT, to efficiently support the e-commerce business. The facility aims to effectively fulfill the online orders placed on WMT’s site.
This 1,000,000+ square-feet facility will efficiently cater to customers’ requirements with quick shipping on everyday items they need every day. The latest state-of-the-art facility, which is situated at 990 N 6550 W, is slated to open doors in summer next year. We note that the fulfillment centers are integral to Walmart’s supply-chain network. These fulfillment centers store various items that are picked, packed and shipped directly to customers, serving them quickly and efficiently.
Impressively, the facility is likely to create around 450 full-time, permanent job positions across the region. Walmart presently operates three distribution centers and 59 retail outlets plus employs 20,000+ associates in Utah.
In third-quarter fiscal 2022, Walmart’s e-commerce sales surged 87% on a two-year stack basis, while Walmart Connect advertising sales soared roughly 240%. WMT’s e-commerce business and omni-channel penetration have been increasing for a while. WMT has been taking several e-commerce initiatives, including buyouts, alliances, and improved delivery and payment systems. Management is continuously boosting supply chain and adding capacity as well as building businesses, such as Walmart GoLocal, Walmart Connect, Walmart Luminate, Walmart+, Spark Delivery, Marketplace and Walmart Fulfillment Services.
What’s More?
Walmart took robust strides to strengthen its delivery arm, as evident from its investment in DroneUp, a pilot with HomeValet, introduction of Carrier Pickup by FedEx, launch of Walmart+ membership program, drone delivery pilots in the United States with Flytrex and Zipline, and a pilot with Cruise to test grocery delivery through self-driven all-electric cars.
Walmart had also forged an alliance with DoorDash to deliver prescriptions from pharmacies of Sam’s Club alongside expanding Scan & Go to all fuel stations at U.S. Sam’s Clubs. WMT’s store and curbside pickup options further add to customers’ convenience. As of the third quarter of fiscal 2022, Walmart U.S. had 4,300 pickup locations and 3,300 same-day delivery stores.
Aforesaid endeavors helped this currently Zacks Rank #3 (Hold) player’s shares to increase 19.3% in the past six months compared with the industry’s 5.6% growth.
3 Picks You Can’t Miss out
Some better-ranked stocks are Boot Barn Holdings (BOOT - Free Report) , Tractor Supply Company (TSCO - Free Report) and Target (TGT - Free Report) .
Boot Barn Holdings, a lifestyle retailer of western and work-related footwear, apparel and accessories, sports a Zacks Rank #1 (Strong Buy) at present. The stock has jumped 187% in the year-to-date period. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Boot Barn Holdings’ current financial-year sales and earnings per share (EPS) suggests growth of 54.6% and 188%, respectively, from the year-ago period’s corresponding figures. BOOT has a trailing four-quarter earnings surprise of 35.3%, on average.
Tractor Supply Company, a rural lifestyle retailer in the United States, flaunts a Zacks Rank of 1, currently. TSCO has a trailing four-quarter earnings surprise of 22.8%, on average. Shares of TSCO have surged 59.6% year to date.
The Zacks Consensus Estimate for Tractor Supply Company’s current-year sales and EPS suggests growth of 19% and 23.9%, respectively, from the year-ago period’s corresponding readings. TSCO has an expected EPS growth rate of 10.2% for three-five years.
Target, a renowned omni-channel retailer, presently carries a Zacks Rank #2 (Buy). TGT has a trailing four-quarter earnings surprise of 19.7%, on average. The stock has rallied 36.1% in the year-to-date period.
The Zacks Consensus Estimate for Target’s current-year sales and EPS suggests growth of 13.9% and 40.1%, respectively, from the corresponding year-ago period’s levels. TGT has an expected EPS growth rate of 14.4% for three-five years.