Walmart Stock Price, News & Analysis

Walmart and Sam's Club pharmacies will start administering COVID-19 vaccines on February 12, 2021, as part of the U.S. Federal Retail Pharmacy Program. Over 1,000 locations in 22 states are involved, focusing on underserved communities. Walmart is also assisting with vaccinations in 11 additional states and Puerto Rico. With 150 million customers weekly, the pharmacies aim to enhance vaccine access. Walmart will act as the sole pharmacy partner in certain states. Vaccine supply will vary, and appointments can be scheduled online. Walmart is committed to expanding vaccination accessibility.

The global infant nutrition market is projected to grow at a CAGR of 7.7%, reaching $61.6 billion by 2026. This growth is driven by a rising population of working mothers seeking convenient nutrition options. Companies like Else Nutrition (TSXV:BABY), Kraft Heinz Co (NASDAQ:KHC), Abbott Laboratories (NYSE:ABT), Danone (OTCQX:DANOY), and Walmart (NYSE:WMT) are capitalizing on this trend. Notably, Else Nutrition has launched a plant-based formula and expanded its distribution in North America through major retailers.

Walmart and Sam's Club pharmacies will participate in the U.S. Federal Retail Pharmacy Program, administering COVID-19 vaccines starting next week in 22 states. Eligible customers can schedule appointments via Walmart's and Sam's Club's websites. Initial allocations are limited, affecting appointment availability. Walmart aims to enhance vaccine access, given its close proximity to 90% of the U.S. population. The company partners with state and federal governments, emphasizing its role in ending the pandemic and supporting local communities.

Nationwide and Walmart have announced a partnership to streamline the process of filling pet prescription medications at Walmart's pharmacies nationwide. This initiative, named Nationwide Pet Rx Express, allows Nationwide pet insurance members to access affordable medications and process claims in-store, a first for the pet insurance industry. This program includes commonly prescribed medications for chronic conditions and preventive treatments, enhancing convenience for pet owners. The collaboration emphasizes cost-saving and efficient service for families with pets.

Walmart has rebranded its media business to Walmart Connect, emphasizing its ability to connect brands with over 150 million weekly customers. The platform aims to transform digital advertising through its vast omnichannel presence and first-party data. Walmart Connect will focus on three key areas: expanding digital offerings, introducing in-store media experiences, and enhancing offsite media capabilities through a partnership with The Trade Desk. These developments align with Walmart's strategy to diversify revenue streams and enhance customer experience.

Walmart is set to begin administering COVID-19 vaccines across Maryland, Texas, Delaware, Indiana, and the District of Columbia. With over 5,000 locations ready, the company has been preparing for this rollout since early 2020. Walmart's pharmacy staff has received extensive training to address vaccine hesitancy and ensure community education. The initiative aims to improve healthcare access in underserved areas. Positive feedback has already been reported from locations like South Carolina, highlighting community gratitude and eagerness for vaccination.

Sam's Club (WMT), Synchrony (SYF), and Mastercard (MA) have launched a new rewards program for Sam's Club Plus members that provides up to 5% back on eligible purchases. Members earn 3% back using their Sam's Club Mastercard in-store or online, plus an additional 2% from their Plus membership. Other benefits include 5% cash back on fuel, 3% on dining, and contact-free payment options. The program, effective January 27, 2021, aims to enhance value for members during evolving shopping habits, with rewards accessible digitally each February.

Walmart is prepared to facilitate a significant vaccine rollout, executing plans to offer vaccinations seven days a week at pharmacies and through community events. They aim to deliver 10-13 million doses monthly when supply allows. With over 5,000 pharmacies in the U.S. and Puerto Rico, Walmart focuses on underserved areas and collaborates with community organizations for vaccination events. Additionally, while encouraging associates to get vaccinated, Walmart does not mandate the vaccine nor provide incentives. The retailer remains committed to supporting public health efforts during the pandemic.

Walmart (NYSE:WMT) and Western Union (NYSE:WU) have announced a partnership to offer Western Union money transfer services at over 4,700 Walmart locations in the U.S. starting in spring 2021. This collaboration aims to provide customers with enhanced financial services, including both domestic and international money transfers, bill payments, and money orders. With this agreement, Walmart customers will benefit from Western Union's extensive global network, facilitating money transfers to more than 200 countries and territories, reinforcing Walmart's commitment to financial inclusion and customer convenience.