Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores    WMT

News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Wal Mart Stores : Opelika business owner shares plans with Senate Agriculture Committee for online SNAP program

share with twitter share with LinkedIn share with facebook
share via e-mail
09/24/2017 | 06:14pm CEST

Jimmy Wright, owner of Wright's Market in Opelika, had the chance to travel to Washington recently and testify before the U.S. Senate's Committee on Agriculture, Nutrition and Forestry regarding his plans for establishing an online-purchasing version of the Supplemental Nutritional Assistance Program (SNAP).

During the hearing, Wright said the majority of questions he received from the committee members were about the online SNAP pilot that is being done through the United States Department of Agriculture's Food and Nutrition Services.

In April 2017, Wright's Market was selected by the USDA as one of 10 retailers nationally to participate in the first phase of its new online SNAP program. Other stores participating in the pilot include national chains Amazon and Walmart.

"The pilot was supposed to start Aug. 1," Wright said. "They had some technology challenges. The USDA is still looking at an early next year roll out."

In his testimony, Wright spoke about plans he would like to implement when the pilot program is launched.

Limited access

One of his plans is to expand his business' delivery service to rural communities that do not have access to a grocery store.

"They may have a dollar store, but access to fresh food is pretty limited," Wright said. "So we feel like we can use technology to solve some of those issues."

Wright said he is also planning to partner with the East Alabama Medical Center to add a healthcare component to his business' delivery service.

"We partner with a church or maybe there's a community center or some kind of central point that we can take multiple deliveries," Wright said. "You may not be able to get 20 miles to a grocery store, but you can get one mile to a church and allow the healthcare professionals to accompany us into that and do some healthcare screenings and some preventive measures."

Wright said these plans go along with his business' mission of making a positive impact in people's lives.

Beneficial for community

Martha Henk, executive director at the Food Bank of East Alabama, explained how the pilot program would be beneficial for the community.

"We believe it has huge potential for over-coming many of the barriers that low-income people face in trying to feed their families," Henk said. "Making the ordering of food more accessible, increasing access to a wide range of nutritious food, and offering transportation for delivering this food is a huge step forward with the potential of greatly improving lives."

Wright said he sees a huge potential for growth through this pilot program.

We see e-commerce as a way to take the store to people," Wright said. "Our mission statement is to have a positive impact on the lives of people in the community. E-commerce allows us to expand that mission."

For more information on Wright's Market, visit its website at www.wrightsmarkets.com.

© © Copyright 2017, Opelika-Auburn News, Opelika, AL, source Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on WAL-MART STORES
09/24 WAL MART STORES : Opelika business owner shares plans with Senate Agriculture Co..
09/24 WAL MART STORES : Help Christmas Happen
09/24 FIDGET SPINNERS AND SQUISHIES : some Toys 'R' Us toymakers cut ties
09/24 WAL MART STORES : Punta Gorda closer to annexing Walmart
09/24 WAL MART STORES : Community festival honors fallen Oneida County deputy
09/23 WAL MART STORES : Man reaches his 'breaking point,' hurls tire at coworker
09/23 WAL MART STORES : Everyday Business | Panda Express gets a footing in Wenatchee
09/23 WAL MART STORES : Walmart testing store-to-fridge grocery delivery service
09/23 WAL MART STORES : Success is sweet Pursuit of passion leads to tasty business
09/23 WAL MART STORES : Let’s Help Englewood is newest local aid organization
More news
News from SeekingAlpha
09/22 KROGER : Addressing The Implosion
09/22 Bed Bath & Beyond's Profitable Place In The Future Of Retail
09/22 Wal-Mart partners with August Home
09/21 Wal-Mart Not Expensive At $80
09/21 HOLIDAY HIRING : Wal-Mart Insults Target
Financials ($)
Sales 2018 496 B
EBIT 2018 22 726 M
Net income 2018 13 002 M
Debt 2018 39 608 M
Yield 2018 2,57%
P/E ratio 2018 18,58
P/E ratio 2019 17,20
EV / Sales 2018 0,56x
EV / Sales 2019 0,55x
Capitalization 238 B
Duration : Period :
Wal-Mart Stores Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 82,2 $
Spread / Average Target 3,4%
EPS Revisions
C. Douglas McMillon Chief Executive Officer & Director
John Furner President
Gregory B. Penner Non-Executive Chairman
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART STORES15.76%237 572
CARREFOUR-27.72%15 318