WMT (Wal-Mart) has been on the radar lately and they are making money moves in order to keep up with the AMZN (Amazon) giant. So far this year, WMT has spent over $34 million in employee bonuses, expecting to go over $200 million in new store constructions and renovations, and the rebranding of their exclusive fashion lines- George, Time and Tru, Terra & Sky and Wondernation. Senior Vice President, Deanah Baker said in recent shareholder meeting,
“We listened to our customers and are proud to deliver apparel choices that meet at the intersection of everything they desire: on-trend styles, comfort, and quality, all at unbeatable prices.”
Fighing AMZN, WMT still holds the championship of operating the largest clothing retailer in the U.S., accounting for at least 8% of the country.
Though it seems that WMT is on a winning streak, investors were startled by the recent earning report of their decrease in online sales. WMT is expecting improvements for their two-day shipping and store pick-up features.
Many investors believe they still have a long way to go if they want to keep up- including their total debt takedown from $50 million to $46 million from 2016. However, long-term shareholders believe there is still hope and WMT’s money moves will reap the rewards.