Walmart Inc (WMT) shares traded mostly flat on Wednesday after the discount retailer reported better-than-expected earnings and said it’s well-positioned for the holiday shopping season despite supply chain disruptions.
Gaining Market Share: Telsey Advisory Group analyst Joseph Feldman said Walmart is “well-positioned to gain market share” thanks to its discount product mix and its integrated omni-channel operation. “The company is proving successful in operating an efficient, fully integrated omni-channel retail model—given its intense focus on the customer, ability to leverage talent, technology, vendor relationships, and strong financial flexibility—while developing a broader ecosystem, including membership, fulfillment services, digital payment, and advertising,” Feldman wrote.
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