Summary of the news of the fourth follow-up control: May 18, 2021
Stimulation checks and vaccinations encourage shoppers to return to stores
Reuters – Walmart Inc on Tuesday raised its full-year profit forecast after buyers armed with government stimulus checks ventured into stores, boost demand which is expected to continue throughout the year as covid-19 restrictions ease
Walmart has had an exceptional year supported by a strong push towards e-commerce and delivery. While this trend of shopping online is expected to continue, people are also returning to physical stores as vaccines become more widely available.
Visits to Walmart stores nationwide rose 21.7% in April, according to data firm Placer.ai.
Walmart began allowing fully vaccinated people to shop without wearing a mask on Friday, making it the first major retailer to reverse its mandatory mask policy.
“My optimism is higher than it was at the start of the year,” CEO Doug McMillon said on a call after the results. “In the United States, the economic recovery is clearly having an impact, but we are also seeing encouraging signs that our customers want to go out and shop. ”
Earlier this year, Walmart also said so convert two-thirds of his hourly US warehouse roles to full-time positions, while increasing the wages of some of its hourly American employees an average of over $ 15 an hour.