Update: Quick Facts From Wal-Mart's Raymond James Investor Presentation

Reuters correspondent Jessica Wohl is attending today's Raymond James Institutional Investors Conference Bank of America Merrill Lynch Consumer and Retail Conference, where Wal-Mart Stores Inc.'s CFO Charles Holley* Bill Simon is giving a presentation.

There doesn't appear to be a lot (yet) coming out of today's event, but Wolh has tweeted some interesting tibits from Holley's remarks, which we've embedded below:

(This is exactly in line with what the retailer promised during another conference in October. Also noted: that 125 stores figure was unchanged from 2012.)

(What's the deal with all the linked Wal-Mart e-mails lately? Bloomberg's been on a tear with them lately.)

More updates as they are available.

Update: SeekingAlpha has a full transcript of Wal-Mart's presentation here, and Wal-Mart hosts a PDF of the presentation here. SeekingAlpha also notes another interesting fact from the presentation, that Wal-Mart's small store formats, including its Express stores abnd Neighborhood Markets, is beating dollar stores online and in quality perception. It's also helping Wal-Mart beat grocers and drugstores on pricing.

More notes from Simon's presentation:

Economic concerns of customers: Wal-Mart polling shows its customers are concerned about job security and job availability; taxes; rising food costs; and increased gas and energy costs.

Store format mix: Wal-Mart is approaching a portfolio of store formats that's nearly half Supercenters and half small formats. In fiscal 2012, less than a quarter of its stores were small format. By fiscal 2014, more than a third of its stores will small format, with a 40 percent increase in those stores (95 to 114) from the previous fiscal year.

More Neighborhood Markets: Among the small format stores are Wal-Mart's Neighborhood Markets, which concentrate on grocery and drug store items. Wal-Mart plans to expand those stores to more than 500 by fiscal 2016. Those stores will represent more than $10 billion in sales.

Testing Express: At the same time, Wal-Mart is still testing its smaller, less-than-20,000-SF Express stores. It has 10 Express stores, which concentrate on local products, drug store services, site-to-store delivery, financial services and gas.

(* Yep, we misidentified the conference. The Bank of America Merrill Lynch event is on March 12. Thanks to commenter JayNYC for setting us straight.)

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Should the alcohol amendment remain on the ballot?