Wal-Mart pays workers extra to deliver packages on their way home
Wal-Mart Stores Inc. is testing a new program that the retailer hopes will help it solve “last mile” issues tied to getting e-commerce purchases to customers: have store workers deliver them.
The program, now available in two New Jersey stores and one store in Northwest Arkansas, can cut shipping costs and get purchases to customers faster, according to Marc Lore, chief executive of Walmart WMT, +1.54% U.S. e-commerce. “Many orders are being delivered the next day,” he wrote in a post on the company’s blog, published on Thursday.
Walmart is bringing VR instruction to all of its U.S. training centers
Walmart, the world’s largest retailer, will soon be using virtual reality to help train its employees on topics like management and customer service.
VR instruction will be used at each of the retailer’s 200 “Walmart Academy” training centers in the U.S. by the end of the year, helping educate the estimated 150,000 employees that will go through the program each year. Each location will have an Oculus Rift headset and gaming PC showcasing a collection of VR training content.
The virtual reality instruction Walmart will be using is entirely 360-degree video-based and will include interactive on-screen cues asking trainees to make decisions after encountering various situations. These scenarios may be related to customer service, management or seasonal situations like encountering the Black Friday rush in VR.
Walmart is preparing to take on Amazon. But first, parachuting M&M’s.
FAYETTEVILLE, ARK. — It’s before 8 a.m., but here at Bud Walton Arena, named after Walmart’s co-founder, Hanson’s “MMMBop” is blaring through the speakers. Blue lights are flashing to the beat, and thousands of Walmart employees in matching T-shirts (“Happy to help”) are cheering with their arms in the air.
There are two days left until Walmart’s shareholders meeting, an annual affair known primarily for its pomp and circumstance, but the festivities are well underway. It’s part pep rally, part pop concert as Walmart executives and employees take the stage to talk about what’s next for the company as it shifts its focus to online shoppers.
“There’s never been a more disruptive time in the history of retail,” says Judith McKenna, chief operating officer for Walmart U.S. “We know there is no going back. There is only going forward.”
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On the Tape Today | 6-2-17
KMX-Carmax has consolidated the recent bullish momentum and traded into a swing low on the daily chart. Looking for a new long using a $64.25 buy-stop and a profit target of $67.75. Stop loss comes in on a close below $63.
Tape Reading the SPY ETF
The stock market closed on the highs trading moderate volume. Still not much excitement at historic levels.
Yesterday we pointed out distribution, and received quite a few emails about the bullish day. I wanted to take a moment to review what was said. Distribution takes time, it is not an event. Such as a parabolic move with a huge spike in volume. Something we call exhaustion.
We did not suggest getting short, we merely said something different happened. Something significant. The replies we saw are awesome, it means you are asking for more information, you are questioning what you read. A great sign, you are pushing yourself to improve.
Distribution takes place over time. Over that period we are looking for a trading range, higher volume days, and in a perfect chart, wider, sloppy swings in prices. From a strategic point of view a short sale only makes sense in stocks with bearish order flow and bearish momentum. Do not short strong stocks (or ETFs)
The key takeaway here…put all of the pieces together, and in context. One distribution day is like seeing “check oil” flash on your dashboard. It’s important, but not yet the “check engine” light.
Keep the awesome questions coming!!
Stock Market Today:
Stocks to Trade 6-2-17 | Friday Edition
Bullish Momentum: PANW, DG, LVS, EXAS, CTRP, KSS, UNH
Bearish Momentum: X
Long-Term Order Flow
Bullish Order Flow: EXAS, WYNN, UNH, AET, DE, CCI, WDC, UAL, BABA, ADSK, MCD, EA, AAOI, CAT, AMZN, COST, NVDA, NFLX, TSLA, ADBE
Bearish Order Flow: trgp, nfx, slb, spg, cop, car, dfs, amgn, clr, bhi, cvx, dvn, vlo, apa, cof, tsco, trip
2X Normal Volume: PANW, ADI, LVS, TSO, DG, AVGO, KORS
Inside Days: bac, wfc, jpm, c, nvda, v, baba, snap, mo, ebay, jnj, aig, cf, gs, nflx, fslr, wdc, cof, twlo, bidu, dks, aaoi, klac, amzn
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