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?span style='font:7.0pt "Times New Roman"'> Walmart says its automated supply chain is 'ready to scale'
?span style='font:7.0pt "Times New Roman"'> Walmart Is Shifting From Defense to Offense
?span style='font:7.0pt "Times New Roman"'> Walmart expected to raise wages for 425K of its workers
Walmart says its automated supply chain is 'ready to scale'
Matt Leonard, GroceryDive
Feb. 19, 2021
Walmart plans to invest heavily over the next year in a more automated e-commerce fulfillment environment, according to executive comments at the company's Investment Community Meeting on Thursday and capital expenditures guidance in its earnings release.
o "Our automation plan is now ready to scale," CEO Doug McMillon said at the meeting. "We'll be investing in our distribution centers, our e-commerce fulfillment centers and in market fulfillment centers, which will, in many cases, be inside of or built beside our stores."
o Walmart envisions automation helping to expand fulfillment capacity at a time when the retailer is trying to bring more customers to Walmart+, a competitor to Amazon Prime. "We've got a limit on how much we can pick and deliver from stores," McMillon said. "The automation that we're investing in will help change that."
Walmart plans to spend $14 billion on capital expenditures during fiscal year 2022, which it said will "focus on supply chain, automation, customer-facing initiatives and technology," according to its earnings release...
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Walmart Is Shifting From Defense to Offense
Its key investments in e-commerce are finished. Here's what's next.
Jeremy Bowman, The Motley Fool
Feb 22, 2021
This article represents the opinion of the writer, who may disagree with the 搊fficial?recommendation position of a Motley Fool premium advisory service. We抮e motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
Five years ago, Walmart (NYSE:WMT) made a big move into e-commerce.
The retail giant said it would acquire Jet.com for $3.3 billion. The move was generally panned by critics, who dismissed as an "acqui-hire" to gain the services of Marc Lore. Lore would run Walmart's e-commerce division until last month, but the acquisition also helped jumpstart rapid growth in an area where the company had fallen behind.
Walmart's U.S. e-commerce sales jumped 79% in fiscal 2021 -- the year that just ended -- following 37% growth in fiscal 2020, and brought in more than $50 billion in revenue last year, not including Sam's Club. Walmart is now the biggest e-commerce seller in the country behind Amazon, and is growing faster than its chief rival.
Much of that growth has been driven by the expansion of its grocery pickup and delivery service, leveraging one of its key strengths as the country's biggest grocer. The chain now provides grocery pickup from 3,750 stores and delivery from 3,000 stores, the vast majority of its store base, leaving little room for expansion.
That effort to build out the retailer's e-commerce business was one of necessity. Before CEO Doug McMillon took over in 2014, Walmart had paid little attention to e-commerce, essentially ceding online retail to Amazon (NASDAQ:AMZN) -- but as Amazon grew, Walmart's brick-and-mortar sales became vulnerable, and it became essential for Walmart to defend its business by aggressively growing its own e-commerce operation.
Stepping on the gas ...
Thinking bigger ...?
What's next ...
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Walmart expected to raise wages for 425K of its workers
By Dominique Newland, CNN
via KYMA (AZ) - February 22, 2021
(KYMA, KECY/CNN) - Walmart announced pay bumps Thursday that will bring its average hourly wage to over $15 an hour. But the move still falls short of the $15 minimum wage announced by some of its largest competitors.
Walmart, America's largest private employer, said it will raise wages for 425,000 US workers -- more than a fourth of its workforce -- to at least $13 an hour.
Starting March 13, hourly workers stocking shelves and fulfilling customers' home delivery and curbside pickup orders in stores will receive a starting rate of $13 to $19 an hour, based on the store's location and market, Walmart (WMT) said. Last year, the company raised wages for 165,000 store workers in management roles to a starting rate of $18 an hour...