Retail giant Walmart (WMT) has been preparing for the holidays and making strategic decisions to hopefully generate sales for the holidays.
Walmart has extended holiday exchange returns dates to January 31, 2023. This gives customers confidence that even if they shop late, products can still be exchanged or returned long after the holiday.
Walmart also launched Walmart Land and Walmart’s Universe of Play with the Roblox (RBLX) The metaverse platform that is used by over 52 million people daily. Roblox is an online gaming platform where users can create and play games, as well as program them. Roblox is completely free to use. Robux can be purchased throughout the game. Robux, Roblox’s virtual currency, can be used to purchase items.
Walmart’s Universe of Play is free to access. Walmart Land is available on PC, Mac, iOS, Android, and Amazon devices. L.O.L. Immersive games include L.O.L. Surprise!, Jurassic World. Paw Patrol, Magic Mixies and Razor Scooters.
Walmart continues to develop great partnerships in advance of the holidays
WalmartIt is expanding its capabilities. Netflix (NFLX) hub to more than 2,400 storefronts just before the holidays. The Netflix Hub will allow customers the ability to purchase a low-priced Netflix Gift Card and other fan-favorite products. Netflix is the best streaming service. Netflix members are only able to view Netflix shows.
Netflix is available worldwide, and can be streamed from multiple devices. The phrase “Netflix and Chill”This is the new way you can rent a movie, then pick it up and return it to your home. Netflix has no interruptions or commercials, which is why customers love it. Customers can access Netflix from any Wi-Fi network, making it much more convenient than previous generations of video store shoppers.
Customers can stream Netflix Streaming Gift Card for a low price, and without a debit or credit card. The hub will feature exclusive Netflix merchandise, including popular shows like “Squid Game,” “Stranger Things” “The Witcher”. Products like a Lite Bright “Stranger Things” Hero, “Stranger Things”Advent Calendar “Stranger Things”Concessions Kit “Squid Game”T-shirts, dolls.
Walmart Presses on After Slump
Walmart was plagued with inventory mismanagement last quarter. Poor inventory management led to an overflow of unsellable, unsold products at Walmart. Target suffered the same fate.
Walmart couldn’t sell certain products because they were too overstocked. This caused a lot problems and customers were the only solution. Customers might have been able to return or exchange a product that they purchased, but they would still be allowed to take the original product and the new product home. Walmart may offer a full refund if the customer returns an item. The customer can still return the item.
While it may seem like this would only worsen the inventory problem, Walmart realized the bigger picture and decided that they needed to correct the situation. Unsold inventory was taking up space, and time. The retailer would need the return to be processed and the products stored until sold.
Walmart knows that space and time come with a price. They will send the customer back with the product they don’t want.
Walmart will make the slump a distant memory, as it continues to make strong deals and partner with great companies.
Source: Walmart and Netflix make a huge deal before the holidays
