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What to expect from the Wal-Mart annual meeting

Published 06/02/2017, 08:12 AM
© Reuters. What to expect from the Wal-Mart annual meeting
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  • The Wal-Mart (NYSE:WMT) annual shareholders meeting is being held today at the Bud Walton Arena in Fayetteville, Arkansas. The festivities start at 9:00 A.M. ET.
  • The entertainment-loaded meeting arrives just a day after the company made a shock announcement on a new program designed to use store employees as off-hours delivery drivers. Look for Marc Lore to have a prominent role at this year's event, with the former Jet.com CEO leading several important digital initiatives at the company.
  • Execs are also expected to defend the company's wage policies and benefit programs.
  • Analysts will also be watching to see what Wal-Mart has to say about private-label grocery brands as it plays catch-up with Costco (NASDAQ:COST) and Kroger (NYSE:KR) in the category.
  • Shares of Wal-Mart are up 12.8% since the retailer's last annual meeting vs. +15.8% for the S&P 500 Index and -19% for rival Target.
  • Wal-Mart annual meeting webcast
  • Now read: Wal-Mart Is Destined For Mediocrity Until It's Willing To Do This


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