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Walmart Strikes Deal with H&R Block, Launches DisposeRx
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Wal-Mart Stores, Inc. (WMT - Free Report) is in the spotlight again with recent announcements of collaboration with H&R Block (HRB - Free Report) and launch of DisposeRx.
H&R Block to Adorn Walmart’s Products Lineup
Wal-Mart strives to ramp up its digital products portfolio, a strategy well in place with society’s growing online dependency. Well, the company’s latest venture of collaborating with H&R Block is another major stride toward augmenting offerings in this category.
Per the terms of the deal, Wal-Mart will provide H&R Block‘s DIY desktop tax software products across the company’s outlets as well as online. The exclusive deal will enable H&R Block’s DIY products to have easier and greater customer access, enabling clients to prepare taxes efficiently. Apart from being priced competitively, these products also provide facilities such as in-person audit representation, unlimited and free tax advices, along with protection against tax identity theft.
Looking back, Wal-Mart’s efforts to build an impressive digital brand portfolio include buyouts of ShoeBuy, Moosejaw, ModCloth, and Jet.com. The company has also been successful at developing easy and convenient delivery solutions through its new Mobile Express Returns program and the buyout of Parcel, Inc. In fact, Wal-Mart’s efforts to enhance delivery services resonate with its strategy of growing online grocery sales. Moreover, Wal-Mart also struck a deal with Lord & Taylor to launch a flagship store in spring 2018, which will help the company to offer premium fashion brands on its shopping website, directly sourced from the latter.
DisposeRx : A Unique Solution for Reducing Drug Abuse
When it comes to revolutionizing the retail spectrum and offering products for a quality lifestyle, Wal-Mart is among the trendsetters. This is evident from the company’s latest innovation, The DisposeRx solution. The DisposeRx contains ingredients that destroy unused pills by converting the same into a biodegradable gel. This unique product will aid patients to safely dispose leftover medications and effectively counter misuse of prescription opioids. Prescription narcotics are often unused and pose major health risk to those who come in its contact. Patients can request for a free DisposeRx packet across Wal-Mart’s pharmacy outlets in the U.S., including Sam’s Club pharmacies. The introduction of DisposeRx indicates the company’s willingness to develop a responsible society and fight drug abuse.
Wrapping Up
That said, Wal-Mart’s business expansion efforts and strategic growth plans are quite commendable, aiding it to emerge strongly in an industry characterized with stiff competitive pressures and aggressive promotions. Most importantly, such endeavors keep this retailer alive and active to match the rapid pace with which Amazon (AMZN - Free Report) has been capturing retail market share. Like Wal-Mart, other major retailers such as Target (TGT - Free Report) and Kohl’s have also been augmenting their e-commerce and omni-channel offerings to stay afloat in the industry.
While Wal-Mart’s stock didn’t react much to the aforementioned announcements, the company’s constant endeavors to drive performance have been positively impacting investor’s optimism. Evidently, shares of the company surged 47.8% in a year, cruising ahead of the industry’s rally of 37.8%. All said, we expect the latest developments to add new leaves to this Zacks Rank #3 (Hold) company’s growth story.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Walmart Strikes Deal with H&R Block, Launches DisposeRx
Wal-Mart Stores, Inc. (WMT - Free Report) is in the spotlight again with recent announcements of collaboration with H&R Block (HRB - Free Report) and launch of DisposeRx.
H&R Block to Adorn Walmart’s Products Lineup
Wal-Mart strives to ramp up its digital products portfolio, a strategy well in place with society’s growing online dependency. Well, the company’s latest venture of collaborating with H&R Block is another major stride toward augmenting offerings in this category.
Per the terms of the deal, Wal-Mart will provide H&R Block‘s DIY desktop tax software products across the company’s outlets as well as online. The exclusive deal will enable H&R Block’s DIY products to have easier and greater customer access, enabling clients to prepare taxes efficiently. Apart from being priced competitively, these products also provide facilities such as in-person audit representation, unlimited and free tax advices, along with protection against tax identity theft.
Looking back, Wal-Mart’s efforts to build an impressive digital brand portfolio include buyouts of ShoeBuy, Moosejaw, ModCloth, and Jet.com. The company has also been successful at developing easy and convenient delivery solutions through its new Mobile Express Returns program and the buyout of Parcel, Inc. In fact, Wal-Mart’s efforts to enhance delivery services resonate with its strategy of growing online grocery sales. Moreover, Wal-Mart also struck a deal with Lord & Taylor to launch a flagship store in spring 2018, which will help the company to offer premium fashion brands on its shopping website, directly sourced from the latter.
DisposeRx : A Unique Solution for Reducing Drug Abuse
When it comes to revolutionizing the retail spectrum and offering products for a quality lifestyle, Wal-Mart is among the trendsetters. This is evident from the company’s latest innovation, The DisposeRx solution. The DisposeRx contains ingredients that destroy unused pills by converting the same into a biodegradable gel. This unique product will aid patients to safely dispose leftover medications and effectively counter misuse of prescription opioids. Prescription narcotics are often unused and pose major health risk to those who come in its contact. Patients can request for a free DisposeRx packet across Wal-Mart’s pharmacy outlets in the U.S., including Sam’s Club pharmacies. The introduction of DisposeRx indicates the company’s willingness to develop a responsible society and fight drug abuse.
Wrapping Up
That said, Wal-Mart’s business expansion efforts and strategic growth plans are quite commendable, aiding it to emerge strongly in an industry characterized with stiff competitive pressures and aggressive promotions. Most importantly, such endeavors keep this retailer alive and active to match the rapid pace with which Amazon (AMZN - Free Report) has been capturing retail market share. Like Wal-Mart, other major retailers such as Target (TGT - Free Report) and Kohl’s have also been augmenting their e-commerce and omni-channel offerings to stay afloat in the industry.
While Wal-Mart’s stock didn’t react much to the aforementioned announcements, the company’s constant endeavors to drive performance have been positively impacting investor’s optimism. Evidently, shares of the company surged 47.8% in a year, cruising ahead of the industry’s rally of 37.8%. All said, we expect the latest developments to add new leaves to this Zacks Rank #3 (Hold) company’s growth story.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>