On a High: Walmart Stock value increases by 9 %, highest in 10 years

Walmart, one of the world’s leading hypermarkets has reached a new landmark on Thursday. The company’s overall stock value has increased by 9%. It happened because of the company’s increase in sales by 4.5 % during the second quarter of this year.

The new milestone marks the company’s fastest clip in a decade and reflects that the mass merchant is holding its own against its primarily digital rival. In the recent years, the retail giant has worked exclusively for creating a phenomenal shopping environment for the customers. The company’s efforts towards training employees, remodeling grocery areas, introducing a pickup facility in more than 1800 stores, app updates, integrating stores, and e-commerce has proved great for boosting their business.

Walmart’s sale increased from 3.1 % to $29.2 billion worldwide, exclusive of currency fluctuations. The company’s commitment towards capturing the booming Asian markets in countries like India and China has streamlined their business globally so fast. According to a report, Walmart has sold its 80% stake in a private equity firm in Brazil earlier this year, and have also sold many of its stakes to business in the UK. The company also paid $16B for getting a good number of stakes in India’s Flipkart.

Few challenges like rising in commodity and transportation costs have weakened Walmart’s overall business, taking the income in second quarters down 3.7% to $5.8 billion. If we look at the strengths, then its US sales have increased from 2 % to 4 %.