Opinions
Jim Cramer - Mad Money
Walmart Inc
WMT-N
BUY
Feb 05, 2025
Stock price when the opinion was issued
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From our humble beginnings as a small discount retailer in Rogers, Ark., Walmart has opened thousands of stores in the U.S. and expanded internationally. Through innovation, we're creating a seamless experience to let customers shop anytime and anywhere online and in stores. We are creating opportunities and bringing value to customers and communities around the globe. Walmart operates more than 10,500 stores and numerous eCommerce websites in 19 countries. We employ 2.1 million associates around the world — nearly 1.6 million in the U.S. alone. Social media mentions are up 155% in the past 24h.
By and large, commercial real estate landlords do consider this name to be in the grocery space. It's doing a better and better job of that. But not a pure-play grocery. He thinks of defensive, grocery-anchored shopping centres as neighbourhood, urban, smaller centres -- where you can get a haircut and do other errands that can't be done online.
Costco and Walmart offer terrific private label products that appeal to consumer starved for value after products were hiked during Covid. True, private label brands aren't growing much, but they keep all prices--including consumer brands--down. The brands are one reason why Costco and Walmart keep hitting new highs.