Walmart Stores, Inc. (NYSE:WMT) is ready to start its holiday shopping season
Walmart Stores, Inc. (NYSE:WMT) is in no mood to be defeated by smaller retailers. Perhaps, this is the reason why the company has decided to start its holding shopping season early this year. Walmart has created several new deals in order to bring in more and more customers; the deals start from November 1, 2014.
According to the management of the firm, it is time for the customers to save some money. It further said that the company is about to start its first round of holiday offerings for the year 2014. This round does not only contain low priced items but it also serves a bigger purpose: the customers can buy gifts giving items, for different occasions from Halloween to Christmas and Thanksgiving to small family gatherings, at very low prices.
The company, from November 1, 2014, starts the sale on more than twenty thousand items that not only include groceries but also consist of popular brands namely, Frozen, Disney, Samsung, Teenage Mutant Ninja Turtles and Dell.
It is important to note here that the company will bring back one of its most popular events, the 24 hour cyber saving event, just two days after the launch of its first round of offerings. The customers can take advantage of this event for the whole season, and can order free deliveries on millions and trillions of Walmart products by visiting the Walmart’s website.
It looks like that Walmart Stores, Inc.’s (NYSE:WMT) main plan is to undermine sales at Best Buy Co. Inc (NYSE:BBY) and Amazon.com Inc. (NASDAQ:AMZN).
The executives of Walmart stores have recently announced that they have added around 7 million items on the digital shelves of the company. The store had a total of 6 million digital items last year. The deals on the Walmart Stores will start on Monday, November the 3rd. Customers can get digital items at quite low prices using the deal: Sony LED HDTV with a 48 inch display can be bought at $348 instead of the regular price, that is, $448. Similarly, the customers can get Nintendo 2DS Video game system, Barbie Dreamhouse and Nextbook Tablet with an 8GB internal memory (7.85 inch display) at a price of $79, $120 and $49 respectively.
Coming to the stock prices of Walmart Stores, Inc. (NYSE:WMT), the company, on the last trading day, started its stocks at a price of $76.89 and closed at a price of $76.27, after hitting the highest figures of $77.40. The company has a market capitalization of $246.36 billion and a P/E (price to earnings) ratio of 15.95. As far as the dividend yield of the company’s stocks is concerned, the figures are recorded to be around 2.52 percent.
Talking about the stock prices of Walmart’s competitors, Amazon.com Inc (NASDAQ:AMZN), during the last trading session, the company started its stocks at a price of $305.15 and closed at a price of $305.46, after hitting the highest figures of $305.72. Amazon has a total market capitalization of $138.47 billion.