Walmart concluded its inaugural Walmart Growth Summit in India, an event designed to strengthen its partnerships and support India’s economic growth. The event saw the participation of export-ready suppliers, innovators and entrepreneurs from 24 states and union territories in India, the company said in a...
Walmart will build, convert or remodel hundreds of stores over the next five years. The retail giant announced in a Wednesday (Jan. 31) press release plans to modernize and expand what U.S. CEO John Furner called “the facilities most core to our business: our stores.”...
With the race for retailers’ digital presences growing more competitive each year, demanding more resources, Walmart is reportedly axing its Store No. 8 innovation hub to cut costs. The retail giant is shuttering its technology and business innovation incubator, The Wall Street Journal reported Friday...
The impact of inflation on consumer spending has been a consistent concern throughout the year, and indications suggest that this trend is set to persist this holiday season. As Walmart CEO Doug McMillon noted during a Q3 earnings conference call with analysts on Thursday (Nov. 16), despite “pockets of...
Walmart earnings, slated for Thursday morning (Nov. 16) before the market opens, will likely offer the latest variations on several themes: Consumers seeking value, especially with consumables and groceries; a shift to digital channels to get at least part of the shopping done, where the...
Walmart’s shares reportedly reached an all-time high Friday (Nov. 3), with investors betting on its ability to thrive during the holiday season. This peak, at $166.30, is the highest point since Walmart’s inception on the New York Stock Exchange in 1972, CNBC reported Friday (Nov. 3). One...
As the holiday shopping season approaches, Walmart has announced that it is will not hire additional staff to serve customers during this peak period. This comes as other major U.S. retailers, concerned about a potential slowdown in seasonal shopping, rising labor costs and economic uncertainties,...
Walmart is embracing emerging technologies to enhance the shopping experience for its customers. With the aim of making shopping more convenient, Walmart is leveraging artificial intelligence (AI) and augmented reality (AR), the retailer said in a Friday (Oct. 6) blog post. One of the latest experiments...
Walmart’s latest venture into the healthcare space involves four-legged patients. The retailer announced in a Thursday (Sept. 20) press release the launch of its first pet services center, based in Dallas, Georgia. “We know that pet services are essential for pet parents, but for many,...
