This Retail Giant is STILL Stealing Market Share

October 16, 2024

WMT stock is trading +53% higher YTD, boosted by significant moves to the upside following its prior two earnings events which easily bested expectations.

Walmart, even though a giant in itself, is slowly chipping away at market share from other companies -- for instance, the company's investments in logistics are helping it compete with Amazon's eCommerce prowess and even win over some Amazon shoppers. It is even taking on niche eCommerce pet provider, Chewy.

Last week Walmart announced it is expanding its pet care services with new centers in Georgia and Arizona, offering comprehensive solutions for pet owners. These centers will provide routine veterinary care, including vaccines, wellness exams, and minor medical treatments, along with grooming services like baths, nail trims, teeth cleaning, and basic hair trims. Pet prescription delivery will also be available, allowing customers to get medications delivered directly to their homes or filled in-store.

Starting October 18, Walmart+ members will gain free 24/7 online vet access through Pawp, offering unlimited virtual consultations via text or video. Walmart continues to expand its pet prescription services nationwide and has introduced new pet brands.

LikeFolio data shows healthy consumer ecommerce activity across the board, with considerable strength from Walmart.

Mentions also suggest Target's woes over the last year have been Walmart's gains. The company's happiness levels are consistently higher than its higher-price-point competitor for the first time in company history.

Walmart is making strides in consumer happiness and engagement via its stong focus on omnichannel offerings. It plans to integrate AI and AR into the shopping experience to boost productivity and personalization through numerous strategies:

  • Utilizing decades of Walmart own data to train models tailored into the company’s brand.
  • An AI customer support assistant, integrated into its system, that can handle tasks such as managing returns and tracking orders.
  • Augmented Reality (AR) environments allowing consumers to have 3D visualization of products, which has already helped to reduce return rates.

Here's how we're playing WMT from here...

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