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Wal Mart Stores : Walmart to expand grocery pickup in St. Louis region

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06/20/2018 | 04:32am CEST

June 19--Walmart plans to expand its grocery pickup service in the St. Louis region as the retail giant tries to keep pace in a market where consumers increasingly expect the items in their shopping carts to be delivered or ready for pickup at a moment's notice.

A spokeswoman for Walmart said the Bentonville, Ark., chain will add its online grocery pickup program to approximately 10 local stores before the end of this year.

One of the new locations is the Walmart in Kirkwood, at 1202 South Kirkwood Road. The other locations weren't disclosed.

Already, the pickup service that launched locally in 2016 is available at 10 stores in the St. Louis metro area and five stores in the Metro East.

The free service at Walmart, available between 8 a.m. and 8 p.m., is targeted to parents who don't want to get their children out of car seats to shop and busy professionals who don't have the time to spend in stores.

The new pickup locations come as retailers of all kinds tinker with new ways to offer shoppers more convenience.

Walmart in April announced a new partnership with delivery service Postmates to expand its grocery home delivery service to 100 metro areas.

Grocers such as Schnucks, Fresh Thyme, Sam's Club, Whole Foods and Straub's offer delivery through Instacart. Dierbergs, meanwhile, offers delivery through Shipt, a subsidiary of Target.

Amazon, which acquired Whole Foods last year for $13.7 billion, allows its Prime members to receive a 10 percent discount at Missouri Whole Foods stores, although not yet at its three local stores. Amazon is in the process of scaling its ability to offer Prime members free two-hour delivery from Whole Foods stores, although that service is also not available in St. Louis yet.

___

(c)2018 the St. Louis Post-Dispatch

Visit the St. Louis Post-Dispatch at www.stltoday.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2019 513 B
EBIT 2019 21 798 M
Net income 2019 13 278 M
Debt 2019 44 550 M
Yield 2019 2,54%
P/E ratio 2019 18,40
P/E ratio 2020 16,67
EV / Sales 2019 0,56x
EV / Sales 2020 0,55x
Capitalization 245 B
Chart WAL-MART STORES
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Wal-Mart Stores Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 94,3 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
Clay Johnson Chief Information Officer & Executive VP
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