NEW YORK (TheStreet) -- Wal-Mart Stores Inc. (WMT) CEO Doug McMillon said the retailer may use 3-D printers for producing supplies and might even make an acquisition in the market, Bloomberg reports..
"Three-D printing is interesting to me," he said today at the Code Conference in California. "We can use 3-D printing over time for replacement parts."
In response to a question on Wal-Mart buying 3-D printing companies, McMillon said it might make sense "in some cases." More generally, the retailer is planning to ramp up acquisitions and partnerships, he said.
"We've been more acquisitive lately, especially for talent," McMillon said. "And our pace of acquisitions, I think, is going to accelerate," Bloomberg noted.
Shares of Wal-Mart are up 0.24% to $75.77.
TheStreet Ratings team rates WAL-MART STORES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate WAL-MART STORES INC (WMT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."