Shares of H&R Block jump after it announces an exclusive partnership with Walmart

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Wrapping Up That said, Wal-Mart’s business expansion efforts and strategic growth plans are quite commendable, aiding it to emerge strongly in an industry characterized with stiff competitive pressures and aggressive promotions. Most importantly, such endeavors keep this retailer alive and active to match the rapid pace with which Amazon AMZN has been capturing retail market share. Like Wal-Mart, other major retailers such as Target TGT and Kohl’s have also been augmenting their e-commerce and omni-channel offerings to stay afloat in the industry. While Wal-Mart’s stock didn’t react much to the aforementioned announcements, the company’s constant endeavors to drive performance have been positively impacting investor’s optimism. Evidently, shares of the company surged 47.8% in a year, cruising ahead of the industry ‘s rally of 37.8%. All said, we expect the latest developments to add new leaves to this Zacks Rank #3 (Hold) company’s growth story.

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