Is Wal-Mart Stores, Inc (NYSE:WMT) Going Overboard With Investments?
Yesterday, Wal-Mart Stores, Inc (NYSE:WMT) announced 2 new online-order filling centers. One of these centers in is Pennsylvania while the other is in Texas and both are the company’s largest centers to date. The expansive fulfillment-center network that the company is planning on setting up will facilitate quicker deliveries at a lower cost. Apart from these two specialized centers and others that are already operational, the company has a very smooth and well laid out network that ships its online orders from its stores.
Wal-Mart Stores, Inc (NYSE:WMT) has more over 130 distribution centers and provides customers with the seamless experience that they are looking for right from the time they shop online or at the stores, till the time the products are delivered to their doorstep.
Seamless product delivery
The President and Chief Executive Officer of Wal-Mart Stores, Inc (NYSE:WMT), Joel Anderson said that with the company’s 4,100 stores and dedicated online facilities they have a major advantage of being within easy reach of their customers. This unique positioning and strategy helps the company get much more products across to their customers, at a lower cost and with much speedier delivery.
The two centers
The new Fort Worth Texas center covers 800,000 sq ft and 275 fulltime employees will be working there. The center began shipping its first orders, last week. The Pennsylvania center is located in Bethlehem and will be spread across more than 1 million sq ft. Eventually this center will have over 350 full time employees.
This is slated to open its doors in the 2014 Q1. In totality, both these centers will stock thousands of products that will be sold via Walmart.com and products such as toys, apparel, sporting goods and fitness equipment will be stocked there. The company is gearing itself for the holiday season which is right round the corner.