Walmart Sees Strong E-Commerce Growth In Fiscal Year 2019

Wal-Mart promises 30-second returns in stores as Amazon tries to catch

The tool will officially roll out in November, and the company plans to expand it to returns of store purchases starting next year.

Walmart on Tuesday touted major growth projections for its online sales division in the upcoming fiscal year, as the Arkansas-based retailer battles with ecommerce giant Amazon for market share in the competitive sector. The refund is credited back to the shopper's payment account by the next day, according to Walmart.

For fiscal 2019 year, the group expects earnings to increase around 5% compared to 2018 and, while net sales are expected to grow close to 3%, driven by same store and e-commerce. For example, if a bulky item is ordered and a customer wants to return it, Walmart can decide to allow the product to be kept while still issuing a refund.

It's estimated that US shoppers return more than $260 billion worth of items every year.

An American Multinational retailing corporation Walmart has come up with the faster as well as simple returns process, unlike the other retail.

Initiate the Return: Using the Walmart App, select the Walmart transaction and item (s) to return and follow the prompts to start the return process.




Walmart says its digital transformation strategy is resonating with shoppers, especially food shoppers.

Some customers who buy disposable products, like soap or the incorrect shade of lipstick, will be encouraged to use the app to obtain a refund, then throw the product away. The option also includes items that are damaged.

The company claims the streamlined new approach will slash the time it takes to return an item from roughly five minutes to just 30 seconds.

ABC News' chief business and economics correspondent Rebecca Jarvis said that everything these companies are doing today is about ways they can improve the customer experience, which is great news for consumers. The Bentonville, Ark. -based company will also develop fewer than 10 grocery-store-sized Neighborhood Markets, which have been a key driver of growth in recent years - and a bulwark against the encroachment of German discounters Aldi and Lidl.

The lanes were created specifically for Wal-Mart's Pharmacy and Money Service customers - those that fill their prescriptions at Wal-Mart, and those that transfer money at the retailer's stores.

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