Aaron Back

speaker

279 appearances 6 recordings 1 series first heard Jul 2018 last heard Jul 2019

Aaron Back’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Goldman Sachs, Morgan Stanley: Stock Growth to Come · 17 Oct 2018 podcast

It's actually a real bright spot for them.

So consumers are feeling good.

Unemployment is at the lowest it's been since 1969.

So you would expect us to have people spending a bit more on their credit cards in that kind of situation.

And that's exactly what we're seeing.

WSJ Your Money Briefing · Attention, Walmart Investors: The Stock Has Room to Run · 30 Aug 2018 podcast

Yeah, that's right.

There's real excitement about Walmart stock right now for the first time in quite a while.

And the reason why is that they are becoming an e-commerce success story.

Their e-commerce sales are up on track to rise 40% this year.

And all those household products that you can get at Walmart, millions of them that you can get shipped to your door for free with two-day shipping, everything from shampoo to toilet paper to all kinds of stuff like that.

And they're becoming a really serious e-commerce player.

They've integrated the Jet.com technology and the Jet.com management into their core e-commerce operations at Walmart.com.

So it's now a pretty slick, well-functioning website with good logistics, excellent delivery.

And they're also reaching a new audience with the Jet.com acquisition of millennials living in big cities, not exactly your typical Walmart customer.

That's right, and I think the insight that Walmart had is that their network of super stores is an asset to them and makes them one of the few companies in the nation that can actually compete with Amazon.

Well, far from it.

It's actually helping their brick-and-mortar stores.

So they're doing something called click-and-pick or something like that where you order things online and you pick them up in the store.

Well, it is for certain people.

Now, you know, I mean, people who shop at Walmart anyway.

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