WAL-MART STORES INC. $78 (New York symbol WMT; Conservative Growth Portfolio: Consumer sector; Shares outstanding: 3.2 billion; Market cap: $249.6 billion; Price-to-sales ratio: 0.5; Dividend yield: 2.5%; TSINetwork Rating: Above Average; www.walmart.com) continues to expand into financial services. The retailer currently offers its shoppers cheque cashing, bill payment and tax-preparation services, as well as money orders and prepaid debit cards.
The company has now teamed up with Ria Money Transfer, a subsidiary of Euronet Worldwide, to let shoppers transfer money. Using this service, called “Walmart-2-Walmart,” clients can move funds to and from over 4,000 of the company’s U.S. stores.
Many of Wal-Mart’s clients do not have bank accounts, so this new service should help bring more of these customers into its stores.
As well, the company’s rates are over 50% less than than what competing firms charge, which should help attract shoppers who don’t normally shop at Wal-Mart.
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The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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