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Wal-Mart CEO thinks no one should pay $99 for free shipping

with comments from annual meeting and Q&A Fayetteville, Ark. -- A big message from Wal-Mart to its shareholders this year is about leveraging stores and technology to boost its e-commerce business. CEO Doug McMillon told shareholders on Friday that the company has "started to invent the future of shopping again." Wal-Mart was a technology leader years ago particularly in its supply chain, and that helped to give it a price advantage. It's trying to rebuild a technology advantage while lowering costs and prices, he said.  "We're putting capabilities in place now and we want to have a lower price structure than anyone else." Much of that has to do with growing its e-commerce business. Wal-Mart is giving customers a discount for picking up online orders in the store. It's expanding online grocery ordering and curbside pickup to 1,100 stores this year. Dallas-Fort Worth is its largest market for its online grocery business. Asked about online prices often being lower than in the store, McMillon said prices can change faster online than in stores, but the company is starting to tackle that issue one category at a time. It lowered free two-day shipping to $25 earlier this year.

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Lemonis has so far cited 58 former Gander Mountain stores he expects Camping world will retain. In the first phase, 20 stores are scheduled to reopen by November. Another ten and 15 will reopen by December 1 with additional openings set for the months further ahead. The stores are being renamed Gander Outdoor. Of the 20 to reopen in November, “a handful” will open with dealerships. Ideally, the company wants locations with enough space for a Gander, Overton’s and RV dealership. Indeed, Lemonis said that the company has passed on some profitable locations in some shopping centers because they would be unable to accompany a dealership. He said the decision was made in part because of the general struggles retail is facing. Said Lemonis, “I’d rather close the store, lose the revenue, re-open a store outside with the dealership and hope I get a fraction of the revenue back and build it over time than sit in the middle of an empty parking lot that I think will be there three years from now.” The stores are expected to be smaller. Said Lemonis, “We believe that the right floor plan is between 30 and 40,000 square feet, not 80,000 to 100,000 square feet.” As far as merchandising, he said the Gander will be “way below market” in guns and ammunition while giving no details on other changes.

For the original version including any supplementary images or video, visit https://sgbonline.com/camping-world-will-seek-to-undercut-competition-with-new-gander-stores/