Wal-Mart Stores Inc(NYSE: WMT) stock rose 4.5% today (as of 12:09PM EDT on October 10th, 2017; Source: Google finance) leading to a total rise of 7.7% returns in the last five days. The group forecasts of better online sales coupled with their better returns process drove the stock momentum. The group forecasts their U.S. e-commerce sales to enhance 40% by the fiscal year of 2019 driven by their online investments. This retail giant is finally trying to catch up with the online e-commerce giant -Amazon.com Inc. Wal-Mart Stores intends to incur capital expenditures of over $11 billion for fiscal years 2018 and 2019. They would be mainly focusing on store remodels and digital experiences over new stores. The group expects their eCommerce investments to improve supply chain capabilities. Walmart International intends to invest more in fulfillment capabilities. Wal-Mart Stores forecasts a global unit growth of over 280, including new, expanded and relocated units, for each of the fiscal years 2018 and 2019. The retail store forecasts to open less than 15 Supercenters and fewer than 10 Neighborhood Markets in the fiscal year 2019. But Walmart Internationalis targeting to open over 255 new stores mainly focusing on major markets like Mexico and China. Wal-Mart Stores net sales are forecasted to rise at or above 3% in the fiscal year of 2019 boosted by comp-sales and eCommerce growth. They forecast to add 1,000 online grocery locations in Walmart U.S. The group is combining the accessibility of their stores with eCommerce to offer new and exciting ways for customers to shop. The group recently focused their attention on returns, by launching Mobile Express Returns – an innovative, industry-first experience which would combine Walmart’s more than 4,700 locations with the Walmart app to make returning an item fast and easy. This is another major move by the firm showing their efforts to cope up with Amazon. The new simplified returns process would start in early November for items sold and shipped by Walmart.com, followed by store purchases in early 2018. The group also intends to create a similar streamlined returns process for items sold by third-party sellers on Walmart.com.

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