Here’s Why Wal-Mart’s Stock Tumbled This Week

I hope that this means that each Walmart location will be updating the antiquated technology that associates/managers use. The SAP in the devices indicates it is a 2008 edition and the registers (the “newer” ones run on wait for it ………. XP!!!

Wal-Mart’s investments in e-commerce and digital initiatives are expected to total about $1.1 billion in the 2017 fiscal year. This year, Wal-Mart is projected to shell out $1.2 billion to $1.5 billion on e-commerce and digital. These investments are a necessary evil to stay competitive with Amazon, as well as with Best Buy (BBY – Get Report) and Target (TGT – Get Report) , which are continuing down their own paths to reduce prices, improve checkout speeds and offer a range of delivery options.  When Walton opened the first Wal-Mart store in Rogers, Arkansas in 1962, though, it’s unlikely he foresaw a day when a sweater could be purchased off a handheld device. Today it can be, however, and to make it happen seamlessly and at the lowest cost is proving to be a major profit headwind for the once mighty Wal-Mart.

Source: Here’s Why Wal-Mart’s Stock Tumbled This Week | The Fiscal Times

Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

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