Wal-Mart Stores Inc. will launch Mobile Express Returns, an addition to the Wal-Mart app that lets customers start the process for returning an item from their mobile device then complete the transaction in a store. The new service sets a goal of bringing the time it takes to return an item to 30 seconds, said Daniel Eckert, senior vice president of Walmart services and digital acceleration, on a media call Friday. Mobile Express Returns will be available starting early November for items sold and shipped from the Walmart website. It will apply to in-store purchases in early 2018. This is the third Mobile Express offering from Wal-Mart after Mobile Express Money Services and Mobile Express Pharmacy. Wal-Mart shares are up 0.5% in Monday premarket trading, and up 14.3% for the year so far. The S&P 500 index is up nearly 14% for 2017 to date, and the Dow Jones Industrial Average is up 15.2% for the period.
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