Wal-Mart ready for hard discounters - and Amazon
Wal-Mart Stores Inc’s (NYSE:WMT) UK chain Asda has had its backside kicked by hard discounters, but the US mothership is much better prepared.
That’s the claim of David Cheesewright, president and chief executive of Walmart International.
Broker Jefferies hosted meetings in Toronto with Cheesewright in which he maintained management would be better prepared to deal with hard discounters in the US than it was in the UK, where all of the major players have struggled to deal with the arrival of Aldi and Lidl.
The chain is preparing for an onslaught by improving quality, prices and own-label products.
“In the process of muting the growth of hard discounters, it believes its work should allow it to take share from other larger competitors and this could prove to be the bigger prize,” Jefferies reported in a research note, in which it reiterated its ‘buy’ recommendation.
The company is also acutely aware of the threat posed by Amazon.com, but Cheesewright believes having both an online presence and bricks and mortar outlets will lead to a “multiplier effect” on sales.
Like Amazon, Wal-Mart enjoys global scale, which should enable it to compete on price.
Jefferies has a price target of US$86, versus a current share price of Wal-Mart of just under US$73.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/176175/wal-mart-ready-for-hard-discounters-and-amazon-176175.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
