Walmart says its third-party sellers enjoyed record sales as the holiday shopping season began. The company’s Marketplace saw its highest-ever sales day and also set a single-day conversion rate record during the period between Nov. 25–Dec. 2, or Cyber Monday, Walmart announced Tuesday (Dec. 3)....
Walmart has completed its $2.3 billion purchase of smart television maker Vizio. The deal, aimed at bolstering the company’s retail media offerings, closed after a federally required waiting period expired, the retail giant announced Tuesday (Dec. 3). “The acquisition of Vizio and its SmartCast Operating...
During the latest conference call with analysts, Walmart’s management observed that that, in a quarter where same-store sales were up 5.3% in the United States, transaction counts and unit volumes were positive across each segment of spending. “We continue to gain market share in the...
Consumers in the United States have shown resilience while prioritizing speed and convenience, according to Walmart’s third-quarter earnings call Tuesday (Nov. 19). The retail giant reported a 5.5% increase in consolidated revenue for the third quarter of fiscal year 2025, reaching $169.6 billion — fueled...
As consumers’ retail expectations rapidly evolve, Walmart is looking to omnichannel technology to revitalize the brick-and-mortar journey. Cedric Clark, EVP of store operations at Walmart U.S., spoke with PYMNTS’ Karen Webster on Oct. 31 about how the retailer is leveraging digital tools to keep...
Optiwise.ai, a leading optimization solution provider for Walmart sellers, has secured $2.4 million in seed funding and launched a new AI-powered personal assistant called Olivia for sellers on the Walmart Marketplace. Olivia utilizes GenAI technology to identify product listings and ad opportunities, answer performance-related questions...
Walmart has announced expansions to its pet care offerings, including several new Pet Services centers. The retail giant said Tuesday (Oct. 8) that it is widening access to its in-person and virtual veterinary care, grooming services, pet prescription delivery and food supplies. “The pet category...
Walmart’s scale and installed base of loyal customers may move the needle on instant payments in general, and instant bank payments specifically. PYMNTS Intelligence estimated earlier this year that as many as 30% of U.S. consumers have Walmart+ subscriptions, which means that they are arguably...
Walmart has added new product categories, omnichannel experiences and fulfillment solutions to its eCommerce platform for third-party sellers, Walmart Marketplace. “We’re bringing all the pieces together to be much more than a marketplace and investing in new ways for sellers to serve customers as we grow together,” Manish...
