NEW YORK (TheStreet) -- Shares of Walmart Stores (WMT) are climbing 0.51% to $79.41 in midday trading Wednesday, after the world's largest retailer said it is stretching out its Black Friday deals to a five day period, rather than fitting them into just one day.
The company said it is abandoning the sales model, and will instead offer deals on television sets, toys and other gifts beginning the last week of November into early December.
Watch the video below for more on Walmart's plan to extend Black Friday deals:
Separately, Walmart issued an "urgent agenda" memo to its store managers across the U.S. last month to lay out guidelines in order to boost sales of "chilled and fresh" foods, the New York Times reports.
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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, increase in net income, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."